Chartered Financial Analyst Level 1
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An analyst evaluates a hedge fund with the following details:
- Beginning-of-year assets under management (AUM): $50 million
- Annual return before fees: 20%
- Management fee (based on end-of-year AUM before fees): 2%
- Incentive fee (based on return net of management fees): 20%
The investor's net return is:
An analyst evaluates a hedge fund with the following details:
- Beginning-of-year assets under management (AUM): $50 million
- Annual return before fees: 20%
- Management fee (based on end-of-year AUM before fees): 2%
- Incentive fee (based on return net of management fees): 20% The investor's net return is:
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