刘同学2020-02-02 12:46:04

The 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%. 老师，您好，这个题我听过网课的讲解，按照网课讲解的思路也能算出，但是唯一的疑惑是hurdle rate 为什么是本金乘以 5%，而不是终值120乘以5%，请老师讲解下，谢谢