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▶要点：对冲基金收费计算◀
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.
常考试知识点：
1. 对冲基金的收费分为两部分：所管理资产的2%的收费是管理费，超越肯定水平以上的价值的20%是勉励费。
2. 基金总回报-基金的收费=投资者的收益
3. 注意勉励费是超越肯定基准以上收益的20%，具体基准是多少要看题目规定。
例题：
The fees of a hedge fund are 2% plus 20% What is the investors return as an algebraic function of the hedge funds return of 5%? Consider all possible values of the hedge funds 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%
【正确答案】A
【答案分析】(5%-2%)×(1-20%)=2.4%
以上就是FRM P1金融市场与商品重点知识-对冲基金收费计算的有关内容，后期我们会持续给大伙更新有关重点知识，小伙伴们可以关注【备考经验】栏目查询！