劉同學(xué)
2018-04-09 23:15The beginning value of a hedge fund is $100 million and earns a 20% return for the year. 2% management fee on end-of-year fund value and a 20% incentive fee on the return net of the management fees were charged by the fund. which is in excess of a 5% fixed hurdle rate. Please calculate the fund's investors' return for the year, net of fees is: A 19.66%. B 21.25%. C 15.11%. handle rate到底什么意思呢?
所屬:CFA Level I 視頻位置 相關(guān)試題
來源: 視頻位置 相關(guān)試題
1個(gè)回答
金程教育Alfred助教
2018-04-10 10:35
該回答已被題主采納
同學(xué)你好,5%的fixed hurdle rate的意思是必須要超過5%部分的收益才會(huì)計(jì)提incentive fee。因?yàn)槠诔跏?00m,所以fixed hurdle rate相當(dāng)于是5m。因此在計(jì)算incentive fee的時(shí)候是(20-2.4-5)*20%
