30. A hedge fund charges 2 plus 15%. Investors want a return after fees of 20%. How much does the hedge fund have to ear
Posted: Wed Apr 06, 2022 9:06 am
30. A hedge fund charges 2 plus 15%. Investors want a return after fees of 20%. How much does the hedge fund have to earn, before fees, to provide investors with this return? Assume that the incentive fee is paid on the net return after management fees have been subtracted. A 27% B. 25.5% C. 21.6% D. 20%