mark j.p. anson

Mark Anson is the President and Chief Investment O cer of the Bass Family O ce— awarded Family O ce of the Year for 2014. Previously, he was the President of Nuveen Investments, a full-service asset management company with over $220 billion in assets under management. Prior to Nuveen, Mark served as the Chief Executive O cer and Chief Investment O cer for both Hermes Pension Management,

Locking in the Profits or Putting It All on Black? An Empirical Investigation into the Risk-Taking Behavior of Hedge Fund Managers.

The ideal fee structure aligns the incentives of the investor with those of the fund manager. Mutual funds typically only charge a management fee that is a proportion of the funds under management. Hedge funds, on the other hand, generally change an incentive fee that is a fraction of the fund’s return each year in excess of the high-water mark. The justification generally given for these incentive fees is that they provide the manager with the incentive to target absolute returns.
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