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After reading and analyzing the case, answer the following q

After reading and analyzing the case, answer the following questions1: Fee structuresWhat is the typical fee structure for open-end mutual funds? Why does Numericprefer to be compensated through performance fees? What’s the advantage?2: Long/Short InvestingWhat are the primary advantages of long/short investing, rather than long-only? Whatare the main risks associated with it?

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