AAFM Chartered Wealth Manager CWM_LEVEL_2 Question # 327 Topic 34 Discussion

CWM_LEVEL_2 Exam Topic 34 Question 327 Discussion:

Question #: 327

Topic #: 34

Section A (1 Mark)
With regard to hedge funds, ‘2 and 20’ is best explained as:

2 year lock-up and 20 per cent commission

2 per cent annual fee and 20 per cent performance fee

2 per cent commission and 20 month lock-up

2 per cent performance fee and $20m high-water mark

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Actual exam question for AAFM CWM_LEVEL_2 exam by Kairo4732 at May 2, 2026, 10:28:13 PM

Chosen Answer: A B C D
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