问题如下图：
选项：
A. 
B. 
C. 
请问 committed capital 和 assets under management 怎么区分？
NO.PZ2016031203000007 问题如下 Hee fun are similto private equity fun in thboth: A.are typically structurepartnerships. B.assess management fees baseon assets unr management. C. not earn incentive fee until the initiinvestment is repai A is correct.Private equity fun anhee fun are typically structurepartnerships where investors are limitepartners (LP) anthe funis the generpartner (GP). The management fee for private equity fun is baseon committecapitwherefor hee fun the management fees are baseon assets unr management. For most private equity fun, the generpartner es not earn incentive fee until the limitepartners have receivetheir initiinvestment back.对冲基金和私募基金都是采取合伙制形式，所以A是两者的共同点；而B，hee fun是根据资产管理规模（AUM）来计算管理费，而 PE fun以committecapit计算管理费，此处两者有明显差异，故B不正确；并且PE fun能会有初始投资回收后才发放绩效奖的条款规定，hee fun没有类似的条款，所以C也不正确。 “在初始投资被偿还之前，不要获得奖励费用。”请问老师这句话的理解，（1）PE必须要求初始投资收回之后，才分发奖励费用（2）hee fun只要有正的收益率，即使浮盈没有兑现为实际收益，也可以根据浮盈分配奖励，不需要兑现收益。请问老师是这个意思吗？
对冲基金是合伙制，讲义有提到么。pe是合伙制和对冲的合伙制还是不一样的吧
请问答案里最后一句话和c有什么区别？
