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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

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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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
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