Question: i need help with year 2 on this problem You invested $1,400,000 with a market-neutral hedge fund manager. The fee structure is 2/20, and the
You invested $1,400,000 with a market-neutral hedge fund manager. The fee structure is 2/20, and the fund has a high-water mark provision. Suppose the first year the fund manager loses 6 percent and the second year she gains 16 percent. Assume management fees are paid at the beginning of each year and performance fees are taken at the end of each year. What are the management and performance fees paid each year? (Leave no cells blank - be certain to enter " 0 " wherever required. Do not round intermediate calculations. Round your answers to 2 decimal places.) x Answer is complete but not entirely correct
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