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A hedge fund with $4 billion of assets charges a management fee of 2.5% and an incentive fee of 20% of returns over a money

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A hedge fund with $4 billion of assets charges a management fee of 2.5% and an incentive fee of 20% of returns over a money market rate, which currently is 5.2%. Calculate total fees, both in dollars and as a percent of assets under management, for portfolio returns of Calculate total fees, both in dollars and as a percent of assets under management, for the portfolio returns In the table below. (Enter your answers for Total Fee ($ millions) In millions not dollars.) Portfolio Rate of Return (%) -5 Total Fee ($ million) Total Fee (%) a. b. 0 C. 5 d. 10

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