委托代理理论认为合适的管理费设计将激励基金管理人努力工作从而使自己和基金投资人的利益最大化。

Principal-agent theory argues that the appropriate management fees structure can encourage fund managers to work hard to maximize their and fund investors'benefits.

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证交会表明这些衍生品给了这个对冲基金激励去挑选会出问题的抵押担保证券。

The SEC argues that these derivatives gave the hedge fund an incentive to select mortgage securities that would bomb.

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证交会表明这些衍生品给了这个对冲基金激励去挑选会出问题的抵押担保证券。

The SEC argues that these derivatives gave the hedge fund an incentive to select mortgage securities that would bomb. And bomb they did.

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