上小学 · 2023年04月07日
NO.PZ2020011901000051
问题如下：
The fees of a hedge fund are 2% plus 20%. What is the investor’s return as an algebraic function of the hedge fund’s return? Consider all possible values of the hedge fund’s return. Assume that the incentive fee is applied after the management fee has been subtracted and that the management fee is applied to the beginning-of-year assets under management.
解释：
The investor’s return as a function of the hedge fund’s return, , is
if
if
激励费计算在本题目中应该有最低门槛的要求吧
NO.PZ2020011901000051问题如下The fees of a hee funare 2% plus 20%. Whis the investor’s return algebraic function of the hee funs return? Consir all possible values of the hee funs return. Assume ththe incentive fee is applieafter the management fee hbeen subtracteanththe management fee is applieto the beginning-of-yeassets unr management. The investor’s return a function of the hee funs return, RHR_HRH, is0.8(RH−0.02)0.8(R_H - 0.02)0.8(RH−0.02) if RH 0.02R_H 0.02RH 0.02RH−0.02R_H - 0.02RH−0.02 if RH≤0.02R_H \leq 0.02RH≤0.02老师，哪句话能看出收益率以2%为界限啊？
这个题目答案给的式子对么 不make sense呀
