Business
Business, 25.03.2020 04:41, LuluMathLover101

United Capital is a hedge fund with $250 million of initial capital. United charges a 2% management fee based on assets under management at year-end, and a 20% incentive fee based on returns in excess of an 8% hurdle rate. In its first year, United appreciates 16%. Assume management fees are calculated using end-of-period valuation. The investor's net return assuming the performance fee is calculated net of the management fee is closest to:

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United Capital is a hedge fund with $250 million of initial capital. United charges a 2% management...

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