Suppose a hedge fund provides that the management fees are 1 percent of the total assets plus

Question:

Suppose a hedge fund provides that the management fees are 1 percent of the total assets plus 20 percent of the profits annually. The gross returns are show below:

Annualized Rate of Return
Total Dollar Fees received
A) Estimate the end of year asset figures missing from the table.B) Estimate the hedge fund investor€™s annualized rate of return over this period.C) Estimate the total dollar fees received by the hedge fund manager over thisperiod.