You invested in a hedge fund that had $450 million in assets…

You invested in a hedge fund that had $450 million in assets at the end of year 1. This fund has an 8% pref (i.e., preferred rate). In year 2 the assets declined to $415 million with no deposits or withdrawals. What return percentage would this fund need to achieve in Year 3 in order to just attain the high water base (i.e., reach breakeven)? State your answer as a percentage, not in decimal form (i.e., 13.21, not .1321). Use two decimal places of accuracy.

Tesla had it’s IPO in June 2010. In 2020, they have decided…

Tesla had it’s IPO in June 2010. In 2020, they have decided that they need to raise more capital and the debts markets are getting expensive. With the recent surge in their stock price, they have decided to issue more shares. What type of market will Tesla transact in for this transaction?

In 2019, you noticed the price action shown above. Shares of…

In 2019, you noticed the price action shown above. Shares of Square (ticker: SQ) were doing exactly what you like to see happen. Based on this chart alone, you decide to put 5% of your portfolio into SQ using a core and satellite approach. Which bias are you most likely displaying?