NAV calculation

Discussion in 'Trading' started by qll, Dec 24, 2006.

  1. qll


    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)
    B =10(110/100)?