黃同學
2018-05-13 10:53high water 和哪個值比較?hurdle rate 應該和哪個相乘是high water還是642?答案算incentive fee 沒有扣減管理費,這是為什么??
所屬:CFA Level I 視頻位置 相關試題
來源: 視頻位置 相關試題
1個回答
Evian, CFA助教
2018-05-13 14:32
該回答已被題主采納
同學你好,如圖1:high water mark是在保護investor not pay twice for the same performance,t=4時,不能按120-105算incentive fee,而是120-110;hurdle rate應該與initial capital(583.1 mil)相乘;這道題目的沒有說是incentive fee based on profits before management fee還是incentive fee based on profits net of management fee
