标题: In GIPS, fees expenses or income? [打印本页] 作者: irlfaan7 时间: 2013-4-1 14:19 标题: In GIPS, fees expenses or income?
management fee. Transaction fee. Etc Are all the expenses? If starting from 50000 and got 100000 then 100% return. And there was 10000 of fee then gross of fee return is 80% and net of fee fee return to be 100%?
I just read that gross of fee return and net of fee return all should be reduced by the bundle fee. As above calculation of 100% return of net of fee, it is difficult to understand why there should be fee reduction to the net of fee return.作者: anish 时间: 2013-4-1 14:19
Gross of fees return is return minus expenses (transaction costs but not custody fees). Net of fees return is gross return minus mgmt fees and carried interest (if any).
I am not understanding you example.
