Regarding Hedge Fund Incentive Fees, Hedge Fund Managers ______ If

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 the options