Chartered Financial Analyst Level 1
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An investor observed the following hedge fund return data.
Year Beginning of Year Account Balance Net Return of the Fund 1 $30 million10% 2 $40 million-5% 3 $30 million-5%
The money-weighted return is closest to:
An investor observed the following hedge fund return data.
| Year | Beginning of Year Account Balance | Net Return of the Fund |
|---|---|---|
| 1 | $30 million | 10% |
| 2 | $40 million | -5% |
| 3 | $30 million | -5% |
The money-weighted return is closest to:
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