Multiple Choice
You manage a hedge fund with $300 million in assets. Your fee structure provides for a 1% annual management fee with a 20% incentive on returns over a 12% benchmark. If the fund value, before fees, is $345 million at the end of the year, what is the net return to the investors?
A) 13.33%
B) 13.40%
C) 14.00%
D) 14.42%
Correct Answer:
Verified
Correct Answer:
Verified
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