Examlex
Which of the following is NOT a source document?
AUM
Assets Under Management, which refers to the total market value of the investments that a person or entity manages on behalf of clients.
Hedge Fund Fees
The charges that hedge funds impose on their investors, typically comprising a management fee and a performance fee.
Carry
In finance, the cost or benefit associated with holding a financial position, such as the interest expense on borrowed funds or the yield earned on deposits.
AUM
Assets Under Management, representing the total market value of the investments a financial institution manages on behalf of clients.
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