Regarding Hedge Fund Incentive Fees,hedge Fund Managers ______ If the Portfolio

Multiple Choice

Regarding hedge fund incentive fees,hedge fund managers ______ if the portfolio return is very large and ______ if the portfolio return is negative.

A) get nothing;get nothing
B) refund the fee;get the fee
C) get the fee;lose nothing except the incentive fee
D) get the fee;lose the management fee
E) none of these