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A hedge fund with $1.3 billion of assets charges a management fee of 1.5% and an incentive fee of 15% of returns over a money
A hedge fund with $1.3 billion of assets charges a management fee of 1.5% and an incentive fee of 15% of returns over a money market ate, which currently is 5.8%. Calculate total fees, both in dollars and as a percent of assets under management, for the portfolio returns in the table below. (Enter your answers for Total Fee (\$ millions) in millions not dollars. Round your answers to 1 decimal place.)
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