Thorsell, Håkan - Economics Institute for Research (SIR), … - 2010
over the financial structure is valuable to the fund manager, hence creating a conflict of interests. <p> From the fund … manager. For a fund manager with future fund projects, there is also a dynamic trade-off between current expected fee and the … fund is at some point off-set by the increasing risk in the fund. This creates a static trade-off point for a one fund …