Question: choose the correct answer In year 1, a fund increases from $122m to $130m (gross asset value). The fund has a 2/20 structure with a

choose the correct answer

In year 1, a fund increases from $122m to $130m (gross asset value). The fund has a 2/20 structure with a hurdle rate of 4%. How much are the performance fees for this year? Assume that management fees are charged on the ending gross asset value. Performance fees are deducted after management fees. $0.624m $2.6m There are no performance fees for this year $0.104m

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