The Performance Fees of Managed Funds Is Normally a Percentage

question 60

Multiple Choice

The performance fees of managed funds is normally a percentage of the return above ________.

• A)the one-year government yield
• B)the guaranteed rate of return
• C)the risk-free rate
• D)the benchmark return

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Definitions:

Tort

A private (civil) wrong against a person or his property.

Defamatory Statement

is a false communication, either spoken (slander) or written (libel), that injures someone's reputation.

Exclusive Jurisdiction

Refers to the authority of only one court or jurisdiction to hear and decide a particular case, to the exclusion of all others.

Original Jurisdiction

The power of a court to hear a case for the first time, as opposed to appellate jurisdiction, which reviews the decisions of lower courts.