Multiple Choice
You manage a hedge fund with $400 million in assets. Your fee structure provides for a 1% annual management fee with a 20% incentive on returns over an 8% benchmark. If the fund value is $445 million at the end of the year, what is your fee?
A) $2,600,000
B) $4,000,000
C) $6,600,000
D) $8,400,000
Correct Answer:
Verified
Correct Answer:
Verified
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