{"bundle_type":"pith_open_graph_bundle","bundle_version":"1.0","pith_number":"pith:2005:NMRYKZGKQ3KD3B5Z6Q2UN3SL5N","short_pith_number":"pith:NMRYKZGK","canonical_record":{"source":{"id":"math/0510497","kind":"arxiv","version":4},"metadata":{"license":"","primary_cat":"math.PR","submitted_at":"2005-10-24T10:19:21Z","cross_cats_sorted":[],"title_canon_sha256":"20140c89d467b923044e2d52496bdfa03702cf2dc7ae72d187e571840a890345","abstract_canon_sha256":"4f6f39f03838ddf883d3d237b201f6102204b2e8cea6ba31fee968866da6e100"},"schema_version":"1.0"},"canonical_sha256":"6b238564ca86d43d87b9f43546ee4beb70195f02631a717a2392a2538c1ea94e","source":{"kind":"arxiv","id":"math/0510497","version":4},"source_aliases":[{"alias_kind":"arxiv","alias_value":"math/0510497","created_at":"2026-05-18T01:08:50Z"},{"alias_kind":"arxiv_version","alias_value":"math/0510497v4","created_at":"2026-05-18T01:08:50Z"},{"alias_kind":"doi","alias_value":"10.48550/arxiv.math/0510497","created_at":"2026-05-18T01:08:50Z"},{"alias_kind":"pith_short_12","alias_value":"NMRYKZGKQ3KD","created_at":"2026-05-18T12:25:53Z"},{"alias_kind":"pith_short_16","alias_value":"NMRYKZGKQ3KD3B5Z","created_at":"2026-05-18T12:25:53Z"},{"alias_kind":"pith_short_8","alias_value":"NMRYKZGK","created_at":"2026-05-18T12:25:53Z"}],"events":[{"event_type":"record_created","subject_pith_number":"pith:2005:NMRYKZGKQ3KD3B5Z6Q2UN3SL5N","target":"record","payload":{"canonical_record":{"source":{"id":"math/0510497","kind":"arxiv","version":4},"metadata":{"license":"","primary_cat":"math.PR","submitted_at":"2005-10-24T10:19:21Z","cross_cats_sorted":[],"title_canon_sha256":"20140c89d467b923044e2d52496bdfa03702cf2dc7ae72d187e571840a890345","abstract_canon_sha256":"4f6f39f03838ddf883d3d237b201f6102204b2e8cea6ba31fee968866da6e100"},"schema_version":"1.0"},"canonical_sha256":"6b238564ca86d43d87b9f43546ee4beb70195f02631a717a2392a2538c1ea94e","receipt":{"kind":"pith_receipt","key_id":"pith-v1-2026-05","algorithm":"ed25519","signed_at":"2026-05-18T01:08:50.840580Z","signature_b64":"DrZXKFPeHwUKwYv3KsaCyx/tsH+F3pS8/bM16kj91qnkqk1pgGv4jnrLHdT7akhmjIkCi0mkv6C23Vj+sAW0Ag==","signed_message":"canonical_sha256_bytes","builder_version":"pith-number-builder-2026-05-17-v1","receipt_version":"0.3","canonical_sha256":"6b238564ca86d43d87b9f43546ee4beb70195f02631a717a2392a2538c1ea94e","last_reissued_at":"2026-05-18T01:08:50.839592Z","signature_status":"signed_v1","first_computed_at":"2026-05-18T01:08:50.839592Z","public_key_fingerprint":"8d4b5ee74e4693bcd1df2446408b0d54"},"source_kind":"arxiv","source_id":"math/0510497","source_version":4,"attestation_state":"computed"},"signer":{"signer_id":"pith.science","signer_type":"pith_registry","key_id":"pith-v1-2026-05","public_key_fingerprint":"8d4b5ee74e4693bcd1df2446408b0d54"},"created_at":"2026-05-18T01:08:50Z","supersedes":[],"prev_event":null,"signature":{"signature_status":"signed_v1","algorithm":"ed25519","key_id":"pith-v1-2026-05","public_key_fingerprint":"8d4b5ee74e4693bcd1df2446408b0d54","signature_b64":"y8Qey4hzGmgsQiTT1WH6DH4Dyn8ownr3vGMqbijPbL51Y0+/5y9Yr4cL1j/xQrZtNKI+G7wYY+0TfRKMiM1LDA==","signed_message":"open_graph_event_sha256_bytes","signed_at":"2026-06-06T22:00:31.104292Z"},"content_sha256":"ca0d11d0490d8c7e55b07f099e19c30dc588cd94ce991458f28c1a20e7d46563","schema_version":"1.0","event_id":"sha256:ca0d11d0490d8c7e55b07f099e19c30dc588cd94ce991458f28c1a20e7d46563"},{"event_type":"graph_snapshot","subject_pith_number":"pith:2005:NMRYKZGKQ3KD3B5Z6Q2UN3SL5N","target":"graph","payload":{"graph_snapshot":{"paper":{"title":"Options on Hedge Funds under the High Water Mark Rule","license":"","headline":"","cross_cats":[],"primary_cat":"math.PR","authors_text":"Essec-Centre De Recherche), H\\'elyette Geman (DRM, Marc Atlan (PMA), Marc Yor (PMA)","submitted_at":"2005-10-24T10:19:21Z","abstract_excerpt":"The rapidly growing hedge fund industry has provided individual and institutional investors with new investment vehicles and styles of management. It has also brought forward a new form of performance contract: hedge fund managers receive incentive fees which are typically a fraction of the fund net asset value (NAV) above its starting level - a rule known as high water mark. Options on hedge funds are becoming increasingly popular, in particular because they allow investors with limited capital to get exposure to this new asset class. The goal of the paper is to propose a valuation of plain-v"},"claims":{"count":0,"items":[],"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57"},"source":{"id":"math/0510497","kind":"arxiv","version":4},"verdict":{"id":null,"model_set":{},"created_at":null,"strongest_claim":"","one_line_summary":"","pipeline_version":null,"weakest_assumption":"","pith_extraction_headline":""},"references":{"count":0,"sample":[],"resolved_work":0,"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57","internal_anchors":0},"formal_canon":{"evidence_count":0,"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57"},"author_claims":{"count":0,"strong_count":0,"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57"},"builder_version":"pith-number-builder-2026-05-17-v1"},"verdict_id":null},"signer":{"signer_id":"pith.science","signer_type":"pith_registry","key_id":"pith-v1-2026-05","public_key_fingerprint":"8d4b5ee74e4693bcd1df2446408b0d54"},"created_at":"2026-05-18T01:08:50Z","supersedes":[],"prev_event":null,"signature":{"signature_status":"signed_v1","algorithm":"ed25519","key_id":"pith-v1-2026-05","public_key_fingerprint":"8d4b5ee74e4693bcd1df2446408b0d54","signature_b64":"tWJCHLaxBHcXRq47oE+AmUG7ag1enTfrzXpXj9vg/Y4zVXuMOn+AxnHcer2D5I1HmcSEifgL+ylg8G09lRZyDQ==","signed_message":"open_graph_event_sha256_bytes","signed_at":"2026-06-06T22:00:31.104883Z"},"content_sha256":"3dfcbf44060f69ab4b1d49c1debcd773a6ddf17a37825e7d2298a1a73d4aff2d","schema_version":"1.0","event_id":"sha256:3dfcbf44060f69ab4b1d49c1debcd773a6ddf17a37825e7d2298a1a73d4aff2d"}],"timestamp_proofs":[],"mirror_hints":[{"mirror_type":"https","name":"Pith Resolver","base_url":"https://pith.science","bundle_url":"https://pith.science/pith/NMRYKZGKQ3KD3B5Z6Q2UN3SL5N/bundle.json","state_url":"https://pith.science/pith/NMRYKZGKQ3KD3B5Z6Q2UN3SL5N/state.json","well_known_bundle_url":"https://pith.science/.well-known/pith/NMRYKZGKQ3KD3B5Z6Q2UN3SL5N/bundle.json","status":"primary"}],"public_keys":[{"key_id":"pith-v1-2026-05","algorithm":"ed25519","format":"raw","public_key_b64":"stVStoiQhXFxp4s2pdzPNoqVNBMojDU/fJ2db5S3CbM=","public_key_hex":"b2d552b68890857171a78b36a5dccf368a953413288c353f7c9d9d6f94b709b3","fingerprint_sha256_b32_first128bits":"RVFV5Z2OI2J3ZUO7ERDEBCYNKS","fingerprint_sha256_hex":"8d4b5ee74e4693bcd1df2446408b0d54","rotates_at":null,"url":"https://pith.science/pith-signing-key.json","notes":"Pith uses this Ed25519 key to sign canonical record SHA-256 digests. Verify with: ed25519_verify(public_key, message=canonical_sha256_bytes, signature=base64decode(signature_b64))."}],"merge_version":"pith-open-graph-merge-v1","built_at":"2026-06-06T22:00:31Z","links":{"resolver":"https://pith.science/pith/NMRYKZGKQ3KD3B5Z6Q2UN3SL5N","bundle":"https://pith.science/pith/NMRYKZGKQ3KD3B5Z6Q2UN3SL5N/bundle.json","state":"https://pith.science/pith/NMRYKZGKQ3KD3B5Z6Q2UN3SL5N/state.json","well_known_bundle":"https://pith.science/.well-known/pith/NMRYKZGKQ3KD3B5Z6Q2UN3SL5N/bundle.json"},"state":{"state_type":"pith_open_graph_state","state_version":"1.0","pith_number":"pith:2005:NMRYKZGKQ3KD3B5Z6Q2UN3SL5N","merge_version":"pith-open-graph-merge-v1","event_count":2,"valid_event_count":2,"invalid_event_count":0,"equivocation_count":0,"current":{"canonical_record":{"metadata":{"abstract_canon_sha256":"4f6f39f03838ddf883d3d237b201f6102204b2e8cea6ba31fee968866da6e100","cross_cats_sorted":[],"license":"","primary_cat":"math.PR","submitted_at":"2005-10-24T10:19:21Z","title_canon_sha256":"20140c89d467b923044e2d52496bdfa03702cf2dc7ae72d187e571840a890345"},"schema_version":"1.0","source":{"id":"math/0510497","kind":"arxiv","version":4}},"source_aliases":[{"alias_kind":"arxiv","alias_value":"math/0510497","created_at":"2026-05-18T01:08:50Z"},{"alias_kind":"arxiv_version","alias_value":"math/0510497v4","created_at":"2026-05-18T01:08:50Z"},{"alias_kind":"doi","alias_value":"10.48550/arxiv.math/0510497","created_at":"2026-05-18T01:08:50Z"},{"alias_kind":"pith_short_12","alias_value":"NMRYKZGKQ3KD","created_at":"2026-05-18T12:25:53Z"},{"alias_kind":"pith_short_16","alias_value":"NMRYKZGKQ3KD3B5Z","created_at":"2026-05-18T12:25:53Z"},{"alias_kind":"pith_short_8","alias_value":"NMRYKZGK","created_at":"2026-05-18T12:25:53Z"}],"graph_snapshots":[{"event_id":"sha256:3dfcbf44060f69ab4b1d49c1debcd773a6ddf17a37825e7d2298a1a73d4aff2d","target":"graph","created_at":"2026-05-18T01:08:50Z","signer":{"key_id":"pith-v1-2026-05","public_key_fingerprint":"8d4b5ee74e4693bcd1df2446408b0d54","signer_id":"pith.science","signer_type":"pith_registry"},"payload":{"graph_snapshot":{"author_claims":{"count":0,"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57","strong_count":0},"builder_version":"pith-number-builder-2026-05-17-v1","claims":{"count":0,"items":[],"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57"},"formal_canon":{"evidence_count":0,"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57"},"paper":{"abstract_excerpt":"The rapidly growing hedge fund industry has provided individual and institutional investors with new investment vehicles and styles of management. It has also brought forward a new form of performance contract: hedge fund managers receive incentive fees which are typically a fraction of the fund net asset value (NAV) above its starting level - a rule known as high water mark. Options on hedge funds are becoming increasingly popular, in particular because they allow investors with limited capital to get exposure to this new asset class. The goal of the paper is to propose a valuation of plain-v","authors_text":"Essec-Centre De Recherche), H\\'elyette Geman (DRM, Marc Atlan (PMA), Marc Yor (PMA)","cross_cats":[],"headline":"","license":"","primary_cat":"math.PR","submitted_at":"2005-10-24T10:19:21Z","title":"Options on Hedge Funds under the High Water Mark Rule"},"references":{"count":0,"internal_anchors":0,"resolved_work":0,"sample":[],"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57"},"source":{"id":"math/0510497","kind":"arxiv","version":4},"verdict":{"created_at":null,"id":null,"model_set":{},"one_line_summary":"","pipeline_version":null,"pith_extraction_headline":"","strongest_claim":"","weakest_assumption":""}},"verdict_id":null}}],"author_attestations":[],"timestamp_anchors":[],"storage_attestations":[],"citation_signatures":[],"replication_records":[],"corrections":[],"mirror_hints":[],"record_created":{"event_id":"sha256:ca0d11d0490d8c7e55b07f099e19c30dc588cd94ce991458f28c1a20e7d46563","target":"record","created_at":"2026-05-18T01:08:50Z","signer":{"key_id":"pith-v1-2026-05","public_key_fingerprint":"8d4b5ee74e4693bcd1df2446408b0d54","signer_id":"pith.science","signer_type":"pith_registry"},"payload":{"attestation_state":"computed","canonical_record":{"metadata":{"abstract_canon_sha256":"4f6f39f03838ddf883d3d237b201f6102204b2e8cea6ba31fee968866da6e100","cross_cats_sorted":[],"license":"","primary_cat":"math.PR","submitted_at":"2005-10-24T10:19:21Z","title_canon_sha256":"20140c89d467b923044e2d52496bdfa03702cf2dc7ae72d187e571840a890345"},"schema_version":"1.0","source":{"id":"math/0510497","kind":"arxiv","version":4}},"canonical_sha256":"6b238564ca86d43d87b9f43546ee4beb70195f02631a717a2392a2538c1ea94e","receipt":{"algorithm":"ed25519","builder_version":"pith-number-builder-2026-05-17-v1","canonical_sha256":"6b238564ca86d43d87b9f43546ee4beb70195f02631a717a2392a2538c1ea94e","first_computed_at":"2026-05-18T01:08:50.839592Z","key_id":"pith-v1-2026-05","kind":"pith_receipt","last_reissued_at":"2026-05-18T01:08:50.839592Z","public_key_fingerprint":"8d4b5ee74e4693bcd1df2446408b0d54","receipt_version":"0.3","signature_b64":"DrZXKFPeHwUKwYv3KsaCyx/tsH+F3pS8/bM16kj91qnkqk1pgGv4jnrLHdT7akhmjIkCi0mkv6C23Vj+sAW0Ag==","signature_status":"signed_v1","signed_at":"2026-05-18T01:08:50.840580Z","signed_message":"canonical_sha256_bytes"},"source_id":"math/0510497","source_kind":"arxiv","source_version":4}}},"equivocations":[],"invalid_events":[],"applied_event_ids":["sha256:ca0d11d0490d8c7e55b07f099e19c30dc588cd94ce991458f28c1a20e7d46563","sha256:3dfcbf44060f69ab4b1d49c1debcd773a6ddf17a37825e7d2298a1a73d4aff2d"],"state_sha256":"b48ca8213724abace4b8d14abce2f75a42e8ad910638fe0d88af9d7e3a45976d"},"bundle_signature":{"signature_status":"signed_v1","algorithm":"ed25519","key_id":"pith-v1-2026-05","public_key_fingerprint":"8d4b5ee74e4693bcd1df2446408b0d54","signature_b64":"9lO64Flpl8q+DdBK3CynNPY8ipRfSp4nybf/sp/o7g1aTJnJOYfuX7wwubpbqpOxlGWIQjT7XOGEfvwTh6+UCA==","signed_message":"bundle_sha256_bytes","signed_at":"2026-06-06T22:00:31.108106Z","bundle_sha256":"a084841b29b4a7adc370a64716918b3c292605eed9986ce867d253c143db51f1"}}