Question
High Rollers Hedge Fund has a standard 10.5 percent performance fee. If High Rollers were able to raise $12 million and generate a 15.5 percent
High Rollers Hedge Fund has a standard 10.5 percent performance fee. If High Rollers were able to raise $12 million and generate a 15.5 percent return in its first year of operation, what would be the dollar amount of their performance fee?
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Project Financing Asset-Based Financial Engineering
Authors: John D Finnerty
3rd Edition
1118421841, 9781118421840
