What is the breakeven amount of assets (AUM) that a hedge fund manager needs to have at the beginning of year 1, assuming $3 million in management company expenses and other fund charges and a standard 1.0 percent and 15 percent fee arrangement assuming gross returns of positive 12 percent before the fund management fee or incentive fee?

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To calculate the breakeven assets under management AUM for a t he assum... View the full answer