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A hedge fund with $2.2 billion of assets charges a management fee of 1% and an incentive fee of 20% of returns over a money
A hedge fund with $2.2 billion of assets charges a management fee of 1% and an incentive fee of 20% of returns over a money market rate, which currently is 5%. Calculate total fees, both in dollars and as a percent of assets under management, for portfolio returns of: (Enter your answers in millions rounded to 1 decimal place.)
Portfolio Rate of Return (%) | Total Fee ($ million) | Total Fee (%) | |
a. | 3 | ||
b. | 0 | ||
c. | 5 | ||
d. | 10 | ||
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