Citadel invests $65.75 billion in each of Samsung Hedge Fund (SHF) and Apple Hedge Fund (AHF). Citadel has “1 and 20” fee structure and its management fees and incentive fees are calculated independently at the end of each year. After one year, the investment in SHF is valued at $85.45 billion and the investment in AHF is valued at $91.75 billion. The annual return to an investor in Citadel is closest to A. 16.76%. B. 20.15%. C. 26.45%. D. 31.37%. Clear my choice

Citadel invests $65.75 billion in each of Samsung Hedge Fund (SHF) and Apple Hedge Fund (AHF). Citadel has “1 and 20” fee structure and its management fees and incentive fees are calculated independently at the end of each year. After one year, the investment in SHF is valued at $85.45 billion and the investment in AHF is valued at $91.75 billion. The annual return to an investor in Citadel is closest to A. 16.76%. B. 20.15%. C. 26.45%. D. 31.37%. Clear my choice

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter17: The Management Of Cash And Marketable Securities

Section: Chapter Questions

Problem 1P

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