In year 1, a fund increases from $122m to $130m (gross asset value). The fund has a
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Question:
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.
Related Book For
Financial Accounting
ISBN: 978-0134127620
11th edition
Authors: Walter Harrison, Charles Horngren, William Thomas, Wendy Tietz
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