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Solve the equation.
Incentive Fees
Fees paid to a fund manager based on performance, often as a percentage of the investment gains beyond a specified benchmark.
Hedge Fund Manager
An individual or firm responsible for making investment decisions in a hedge fund to maximize returns and minimize risks.
Survivorship Bias
The error of focusing only on the entities that have survived some process and overlooking those that have failed.
Mutual Funds
Shareholder-funded investment platforms which engage in trading within diversified portfolios under professional management.
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