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A hedge fund with $1.3 billion of assets charges a management fee of 2% and an...

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Finance

A hedge fund with $1.3 billion of assets charges a managementfee of 2% and an incentive fee of 20% of returns over a moneymarket rate, which currently is 4%. Calculate total fees, both indollars and as a percent of assets under management, for portfolioreturns of: (Enter your answers in millions rounded to 1decimal place.)

Portfolio Rate of Return (%)Total Fee
($ million)		Total Fee
(%)
a.?1
b.0
c.4
d.8

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A hedge fund with $1.3 billion of assets charges a managementfee of 2% and an incentive fee of 20% of returns over a moneymarket rate, which currently is 4%. Calculate total fees, both indollars and as a percent of assets under management, for portfolioreturns of: (Enter your answers in millions rounded to 1decimal place.)Portfolio Rate of Return (%)Total Fee($ million)Total Fee(%)a.?1b.0c.4d.8

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