Intro

Bigger Yacht hedge fund manages a portfolio worth $1.8 million. The fund charges an incentive fee of 20% of returns over the T-bill rate and a management fee of 2%. T-bills yield 2.2%.

Attempt 1/10 for 10 pts.

Part 1

What are total fees if the portfolio return is 9% (in $ million)?

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Attempt 1/10 for 10 pts.

Part 2

What are total fees if the portfolio return is -4% (in $ million)?

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