Intermediate

Financial Services: Management & Performance Fees

Calculates the '2 and 20' fee structure for private equity or hedge funds.

Act as a Fund Accountant. For a fund with AUM of {current_aum}, calculate: 1. Management Fee (at {mgmt_fee_percent}%), and 2. Performance Fee (at {perf_fee_percent}%) above a 'High-Water Mark' of {hwm_value}. Account for the 'Hurdle Rate' of {hurdle_rate}% before the performance fee kicks in.

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