WA hedge fund with net asset value of $90 per share currently has a high-water...
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WA hedge fund with net asset value of $ per share currently has a highwater mark of $ Suppose it is January the standard deviation of the funds annual returns is and the riskfree rate is The fund has an incentive fee of of annual returns, but its current highwater mark is $ and net asset value is $hat would the annual incentive fee be worth if the fund had no highwater mark and it earned its incentive fee on its total return? Note: Do not round intermediate calculations. Round your answer to decimal places. What would the annual incentive fee be worth if the fund had no highwater mark and it earned its incentive fee on its return in excess of the riskfree rate? Note: Do not round intermediate calculations. Round your answer to decimal places. Recalculate the incentive fee value for part b if an increase in fund leverage increases volatility to Note: Do not round intermediate calculations. Round your answer to decimal places.
WA hedge fund with net asset value of $ per share currently has a highwater mark of $ Suppose it is January the standard deviation of the funds annual returns is and the riskfree rate is The fund has an incentive fee of of annual returns, but its current highwater mark is $ and net asset value is $hat would the annual incentive fee be worth if the fund had no highwater mark and it earned its incentive fee on its total return?
Note: Do not round intermediate calculations. Round your answer to decimal places.
What would the annual incentive fee be worth if the fund had no highwater mark and it earned its incentive fee on its return in excess of the riskfree rate?
Note: Do not round intermediate calculations. Round your answer to decimal places.
Recalculate the incentive fee value for part b if an increase in fund leverage increases volatility to
Note: Do not round intermediate calculations. Round your answer to decimal places.
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