题目 The Sharpe ratio is a less-than-ideal performance measure for alternative investments because: 选项 A.it uses a semi-deviation measure of volatility. B.returns of alternative assets are not [...]
题目 What is the most significant drawback of a repeat sales index to measure returns to real estate? 选项 A.Sample selection bias B.Understatement of volatility C.Reliance on subjective [...]
题目 An investor in a private equity fund is concerned that the general partner can receive incentive fees in excess of the agreed-on incentive fees by making distributions over time based on [...]
题目 An investor chooses to invest in a brownfield rather than a greenfield infrastructure project. The investor is most likely motivated by: 选项 A.growth opportunities. B.predictable cash [...]
题目 The following information applies to Rotunda Advisors, a hedge fund: $288 million in assets under management (AUM) as of prior year-end 2% management fee (based on year-end AUM) 20% incentive [...]
题目 Alternative investment funds are typically managed: 选项 A.actively. B.to generate positive beta return. C.assuming that markets are efficient 答案 A 解析 A is correct. There are many [...]
题目 An investor is seeking an investment that can take long and short positions, may use multi-strategies, and historically exhibits low correlation with a traditional investment portfolio. The [...]
题目 United Capital is a hedge fund with $250 million of initial capital. United charges a 2% management fee based on assets under management at year end, and a 20% incentive fee based on returns [...]
题目 Which approach is most commonly used by equity hedge strategies? 选项 A.Top down B.Bottom up C.Market timing 答案 B 解析 B is correct. Most equity hedge strategies use a bottom-up [...]
题目 From the perspective of the investor, the most active approach to investing in alternative investments is: 选项 A.co-investing. B.fund investing. C.direct investing. 答案 C 解析 C is [...]
