Suppose a hedge fund has a 2 and 20 fee arrangement and a net asset value (NAV) of $250 million at the beginning of the year. The high water mark was $280 million at the beginning of the year. At the end of the year, fund had a NAV of $278 million, before fees. If management fees are distributed annually based on the start-of-the year NAV, what is the total fees including both management and incentive fees for this year?

Suppose an analyst is valuing two markets. Market A is a developed market, and Market B is an emerging market. The investor’s time horizon is five years. The other pertinent facts are:   Measure Value Sharpe ratio of the global portfolio 0.29 Standard deviation of the global portfolio 8% Risk-free rate of return 4.5% Degree of market integration for Market A 80% Degree of market integration for Market B 65% Standard deviation for Market A 18% Standard deviation for Market B 26% Correlation of Market A with global portfolio .87   Correlation of Market B with global portfolio .63   Estimated illiquidity premium for A 0   Estimated illiquidity premium for B 2.4   Referring to Table: What is the expected co variance between the markets? 

During interventional procedures, high level control fluoroscopy is employed, resulting in a _________ than during standard fluoroscopy.

The strategies of convertible arbitrage, emerging markets, equity market neutral, and fixed-income arbitrage are categories of which alternative investment class?

A set of numeric dose limits that are based on calculations of the various risks of cancer and genetic effects  to tissues or organs exposed to radiation defines:

The depreciation method with the smallest annual depreciation in the first year of life is

Which of the following cannot be valued using the cost less accumulated depreciation method?

Consider an US-based foundation with spending rate of 3 percent and cost of earning investment returns has averaged 50 basis points annually. The asset allocation and the set of capital market expectations are shown below.  The expected long-term inflation rate is 2.5 percent. Table 3 Capital Market Expectations Asset class E(ri) si Correlations A B C D A US equities 9% 18% 1       B Ex-US equities 8 14 0.60 1     C US bonds 4 8 0.30 0.20 1   D Real estate 1 7 0.50 0.40 0.10 1    Table 4 Corner portfolios Portfolio E(rp) sp Sp wi A B C D 1 9.0% 18.0% 0.39 100% 0% 0% 0% 2 7.9 16.7 0.35 65 35 0 0 3 7.5 15.4 0.38 37 53 0 10 4 5.0 12.4 0.36 0 25 43 32 5 4.6 10.1 0.32 0 11 55 34 What is the foundation return requirement in percent?

When does the NCRP recommend the scheduling of elective examinations to minimize the possibility of irradiating an embryo?

Which of the following is considered an unethical and unacceptable practice?