Investment Manager Fee Analyzer
Monte Carlo simulation of fee deal economics
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Fund Parameters
Starting NAV ($M)
Initial fund size in millions
Fund Volatility (%)
Annualized standard deviation of returns
Input as Sharpe Ratio
Expected Return / Alpha (%)
Annualized expected gross return
Sharpe Ratio
Expected return = Sharpe × Volatility
Fee Structure
Management Fee (%)
Annual fee on beginning-of-year NAV
Performance Fee (%)
Fee on gains above hurdle / HWM
Hurdle Rate (%)
Min return before perf fee applies
Gate (%)
Min return to trigger perf fee; fee on full return (0 = use hurdle)
High Water Mark
Compounding NAV
Stopping Conditions
Investor Drawdown Limit (%)
Investor redeems if fund drops this much from peak (0 = none)
Investor Max Time Below HWM (yrs)
Investor redeems if no new HWM in this many years (0 = none)
Manager Drawdown Limit (%)
Manager walks if fund drops this much from peak (0 = none)
Manager Max Time Below HWM (yrs)
Manager walks if no new HWM in this many years (0 = none)
Simulation Settings
Number of Simulations
Years per Simulation
Run Simulation
Configure parameters and click
Run Simulation
to see results.
Fee Stream Summary
Distribution of Annual Fee Rates
Fee Decomposition
Sharpe Ratio Comparison
Impact on Investor Returns
Fee Rate Percentiles
Relationship Duration
Distribution of Relationship Duration
Year-by-Year Analysis