Funds like Adage
Are there any other funds that have fee structure like Adage where you are paid the 20% on outperformance and not absolute performance? Theoretically, these guys are paid only by their alpha.
Are there any other funds that have fee structure like Adage where you are paid the 20% on outperformance and not absolute performance? Theoretically, these guys are paid only by their alpha.
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Career Resources
A lot of boutique long only firms are paid like this. It’s a great structure for employees if you can get to a certain scale / size for management fees and then the performance incentives are incremental upside.
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