新用戶掃碼下載
掃碼下載APP
及時接收考試資訊及
備考信息
FRM P1金融市場與產(chǎn)品重要知識點-對沖基金收費計算
金融市場與產(chǎn)品作為FRM P1考試當中占比百分之30的考試科目，可以說是我們備考的重中之重！正保會計網(wǎng)校的老師給大家整理了金融市場與產(chǎn)品科目里面的重要知識點，知識點搭配例題，幫助大家更好的吸收！一起來學習吧！
不要急！先來看看LuLu老師的整體科目介紹！
↓↓↓
?知識點：對沖基金收費計算?
2% plus 20% fee structure
?The typical hedge fund fee structure is known as “2 plus 20%,” which means that they charge a flat 2% of all assets that they manage plus an additional 20% of all profits above a specified benchmark.
?Suppose the management fee is calculated on the assets at the beginning of the year and that the incentive fee is calculated after subtracting management fees.
常考點：
1. 對沖基金的收費分為兩部分：所管理資產(chǎn)的2%的收費是管理費，超過一定水平以上的利潤的20%是激勵費。
2. 基金總回報-基金的收費=投資者的收益
3. 注意激勵費是超過一定基準以上利潤的20%，具體基準是多少要看題目規(guī)定。
例題：
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 of 5%? 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.
A.2.4%
B.4.0%
C.1.0%
D.1.6%
【正確答案】A
【答案解析】(5%-2%)×(1-20%)=2.4%
以上就是FRM P1金融市場與產(chǎn)品重要知識點-對沖基金收費計算的相關內(nèi)容，后期小編會持續(xù)給大家更新相關重要知識點，小伙伴們可以關注【 備考經(jīng)驗 】欄目查看！
推薦閱讀
新用戶掃碼下載
京公網(wǎng)安備 11010802044457號