题目
An investor may prefer a single hedge fund to a fund of funds if he seeks:
选项
A.due diligence expertise.
B.better redemption terms.
C.a less complex fee structure.
答案
C
解析
C is correct. Hedge funds of funds have multi-layered fee structures, whereas the fee structure for a single hedge fund is less complex. Funds of funds presumably have some expertise in conducting due diligence on hedge funds and may be able to negotiate more favorable redemption terms than an individual investor in a single hedge fund could. ：C是正确的。基金的对冲基金具有多层次的费用结构，而单个对冲基金的费用结构则不那么复杂。基金中的基金可能在对对冲基金进行尽职调查方面具有一定的专业知识，并且可能能够协商比单个对冲基金中的个人投资者更有利的赎回条款。