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| Author: | Kritzman, M. P. |
| Title: | Incentive fees : Some problems and some solutions. |
| Journal: | Financial Analysts' Journal
1987 : JAN/FEB, VOL. 43:1, p. 21-26 |
| Index terms: | PAY INCENTIVES OPTIONS PORTFOLIO MANAGEMENT |
| Language: | eng |
| Abstract: | A review of the problems of incentive fees and the need to monitor the risk characteristics of the portfolio, the complexities involved in determining the value of an incentive fee arrangement by applying the Margrabe optional model, the ambiguity between chance and skill, the need to isolate the risk and return, and choose the most appropriate benchmark portfolio. Tables, Figures and equations accompany the analysis. |
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