问题如下：
2 Based on the fee schedules in Exhibit 1, the portfolio manager of which fund has the greatest incentive to assume additional risk to earn a higher investment management fee?
选项：
A. Red Grass
B. Blue Water
C. Yellow Wood
解释：
A is correct.
Red Grass’s fee arrangement allows for unlimited performance-based fees on the upside and no negative consequences on the downside.
