Question: A hedge fund sets its fee at 2% and a 20% carry with an 8% benchmark. How much money will a hedge fun make in

A hedge fund sets its fee at 2% and a 20%

A hedge fund sets its fee at 2% and a 20% carry with an 8% benchmark. How much money will a hedge fun make in fees over the course of a year if AUM started at $1,000,000 and ended the year at 1,120,000? Multiple Choice $8,000 $38,000 O O $30,400 O $22.400

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