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A $455m hedge fund with a 1.5% management fee, 0.35% in other expenses, and a 20% incentive fee earns a 9.4% gross return. What is
A $455m hedge fund with a 1.5% management fee, 0.35% in other expenses, and a 20% incentive fee earns a 9.4% gross return. What is the $ incentive fee and the net return to LPs if there is $47m of GP capital?
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