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You are the founder and manager of Tiger Management Corp., also known as The Tiger Fund, an American hedge fund and family office based in

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You are the founder and manager of Tiger Management Corp., also known as "The Tiger Fund," an American hedge fund and family office based in Columbia, MO. Your portfolio has the following expected return and standard deviation: Rp = 11%, op = 15%. The equity market index has an expected return of 13% and a standard deviation of 22%. Also, T-bills offer a return of 4%. What is the largest percentage expense fee (in %) that a client will be willing to pay you to invest in your fund? 1.20% O 0.86% 0.38% 0.72%

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