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The hedge funds AUM is $200 million. The fund has a typical two and twenty fee structure. The funds benchmark, Barclays Hedge Fund Index, showed

The hedge fund’s AUM is $200 million. The fund has a typical “two and twenty” fee structure. The fund’s benchmark, Barclays Hedge Fund Index, showed a return of 15.5% for 2021, while the hedge fund itself was able to generate a return of 29.5% during the same period. How much fees does an investor in this hedge fund pay for the year 2021? 


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