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You invest $50,000 into a hedge fund that uses the standard 2%/20% fee schedule. Assume the hedge fund manager earns a return of 14%

  

You invest $50,000 into a hedge fund that uses the standard 2%/20% fee schedule. Assume the hedge fund manager earns a return of 14% on the portfolio during the first year. Part 2 In addition to the AUM fee above, what performance fee (in dollars) do you have to pay the manager? 0+ decimals Submit Attempt 2/3 for 8 pts. Attempt 1/3 for 10 pts. Part 3 If the manager earns -13% during the second year, what total fee (AUM fee and performance fee) in dollars will you pay? 0+ decimals Submit

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