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Fund 317 has a 1% management fee, $1 Billion in AUM, and NAV(0)=$50. At the end of 4 months, the AUM is $1.5 Billion and
Fund 317 has a 1% management fee, $1 Billion in AUM, and NAV(0)=$50. At the end of 4 months, the AUM is $1.5 Billion and the NAV(1)=$60.
1) What is the 4 month return?
2) What is the arithmetic (monthly) average?
3) What is the annualized return?
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