I don't doubt that they were contractually bound to pay the 60M$. The parent comment sort of implied that the fund couldn't possibly have overpaid, because 60M

I don't doubt that they were contractually bound to pay the 60M$. The parent comment sort of implied that the fund couldn't possibly have overpaid, because 60M$ is such a small fraction of profits. All I'm saying is that they might have overpaid, at the time of signing the contract, if another equally skilled manager would have taken the job for a smaller compensation package.