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The following table outlines the set of monthly unit prices in Omega Hedge Fund: Month 1 Month 2 Month 3 Month 4 Month 5 Month
The following table outlines the set of monthly unit prices in Omega Hedge Fund:
Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 |
$16.70 | $15.83 | $18.26 | $17.43 | $17.94 | $19.87 |
This fund charges a performance fee of 20% of absolute positive returns, but is subject to a high watermark test. The fee is levied on a monthly basis.
Calculate the performance fees earned per unit in dollar terms in each month.
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