Multiple Choice
A hedge fund sets its fee at 2% and a 20% carry with an 8% benchmark. What is the Net IRR to the investors if over the course of a year if AUM started at $1,000,000 and ended the year at 1,120,000?
A) 8.96%
B) 10.96%
C) 11.30%
D) 12.00%
Correct Answer:

Verified
Correct Answer:
Verified
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