question archive VVMAR Hedge Fund has a 1
VVMAR Hedge Fund has a 1
Subject:BusinessPrice: Bought3
VVMAR Hedge Fund has a 1.5 and 30 fee arrangement, with no hurdle rate and an NAV of $200 million at the start of the year. At the end of the year, after fees, the NAV is $270 million. Assuming that management fees are com-puted on start-of-year NAVs and are distributed annually, find the annual man-agement fee, the incentive fee, and the ending NAV before fees, assuming no redemptions or subscriptions.
