Suppose you are a Fund Manager, and you are about to raise a new Fund. You have 3 alternatives in terms of Fee/Carry terms. Which one you would choose and explain your reasonings by comparing all the below? If you were the investor which of the below is more attractive and why?

a. 2% Fee, 20% Carry, 8% Hurdle, 3% skin in the game

b. 1% Fee, 20% Carry, 0% Hurdle, 3% skin in the game

c. 3% Fee, 10% Carry, 0% Hurdle, 5% skin in the game