easy · CFA Level I Alternative Investments
Kestrel Grid operates a fund with a 2% management fee (on beginning assets) and a 20% incentive fee with a high-water mark. The fund begins at $200M, ends Year 1 at $180M, and ends Year 2 at $210M (pre-fee).
The management fee for Year 2 is calculated on:
- $180M
- $210M
- $200M
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