2009 returns were above the funds' high water marks. use 30% of the incentive fee as the bonus pool to be allocated to the four analysts whose backgrounds and 2009 portfolio performances are described in Assignment Figures A and 8 (appended at the end of this teaching note) a. How would you allocate bonuses to these four analysts? What alternatives did you consider? Why did you make the choices you did? b. Is there any other information you would like to have had available before making your decisions? If so, which? c. Do you think you should pay out the entire bonus pool this year, or hold some money in a "bonus bank reserve"? Why or why not? d. Should the proportions of the bonuses allocated vary depending on the size of the bonus pool available? Redo the allocations of the bonus pool to these four analysts assuming that because of a high water mark constraint,