CFA Level I sample question

CFA Level I 2. Alternative Investment Performance and Returns question

Alternative Investments / 2. Alternative Investment Performance and Returns

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2. Alternative Investment Performance and Returns sample question

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Alternative Investments

2. Alternative Investment Performance and Returns

A fund begins the year with USD50 million and ends the year with USD58 million before fees. The manager charges a 2% management fee on beginning assets and a 20% incentive fee on gains remaining after the management fee. The investor net return is closest to:

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