after a 133% run in 2 months. my small self hedge fund get a good interests from investors. now, they want me to show them a daily NAV chart. i have frequent deposit and withdraws in the mid day. (unlike us brokers who withdraw in mid day and deposit after close).
there question is this
if i start from 100k at open and its grows to 120k at noon, then i withdraw 20k, at close the balance is 90k. the broker can only show an after close statement. so i have a statement showing
starting balance 100k
withdraw 20k
closing balance 90k.
if my NAV was 10 at open, what is my NAV at close?
A =10*(90/80)
or
B =10(110/100)?
there question is this
if i start from 100k at open and its grows to 120k at noon, then i withdraw 20k, at close the balance is 90k. the broker can only show an after close statement. so i have a statement showing
starting balance 100k
withdraw 20k
closing balance 90k.
if my NAV was 10 at open, what is my NAV at close?
A =10*(90/80)
or
B =10(110/100)?