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Shanghai, Shanghai 200433
Shanghai University of Finance and Economics
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Private equity, LP portfolio choice, certainty-equivalent valuation, incomplete markets, illiquidity, non-diversiﬁable risk, alpha, GP compensation, management fees, carried interest
Private equity, alternative investments, illiquidity, portfolio choice, asset allocation, management fees, carried interest, incomplete markets
assets under management (AUM), high-water mark (HWM), alpha, management fees, incentive fees, conflicts of interest, agency, liquidation option, redemption, drawdown, managerial ownership, money flow, margin requirement, risk seeking
assets under management (AUM), high-water mark, alpha, management fees, incentive fees, conflicts of interest, liquidation option, managerial ownership
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high-water mark, hedge fund, performance fee, partial information
idiosyncratic risk premium, hedging, liquidity constraints, precautionary saving, portfolio choice, investment, entry, exit, the q theory of investment, real options
term structure of interest rates; capital adjustment costs; average q; marginal q; duration; assets in place; growth opportunities; bond q
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