The following table shows the returns of five different funds, which comprise a fund of funds. The fund of funds charges i plus 10% and each of the funds charges 2 plus 20%. The hedge funds incentive fees are calculated on the return after management fees. The fund of funds incentive fee is calculated on the net (after management fees and incentive fees) average return of the hedge funds in which it invests and after its own management fee has been subtracted. What is the overall return on the investments? How it is divided between the fur of fund, hedge funds and invfstors in the fund of funds? HEDGE FUNDS RETURNS -5% B 10% -5% D 25% 15% E