题目 Hedge funds are similar to private equity funds in that both: 选项 A.are typically structured as partnerships. B.assess management fees based on assets under management. C.do not earn an [...]
题目 Which of the following statements is true regarding mortgage-backed securities? 选项 A.Insurance companies prefer the first-loss tranche. B.When interest rates rise, prepayments will likely [...]
题目 An alternative investment fund’s hurdle rate is a: 选项 A.rate unrelated to a catch-up clause. B.tool to protect clients from paying twice for the same performance. C.minimum rate of [...]
题目 Private equity funds are most likely to use: 选项 A.merger arbitrage strategies. B.leveraged buyouts. C.market-neutral strategies. 答案 B 解析 B is correct. The majority of private [...]
题目 As the loan-to-value ratio increases for a real estate investment, risk most likely increases for: 选项 A.debt investors only. B.equity investors only. C.both debt and equity investors. [...]
题目 Risks in infrastructure investing are most likely greatest when the project involves: 选项 A.construction of infrastructure assets. B.investment in existing infrastructure assets. [...]
题目 An investor seeks a current income stream as a component of total return, and desires an investment that historically has low correlation with other asset classes. The investment most likely [...]
题目 A hedge fund has the following fee structure: Annual management fee based on year-end AUM 2% Incentive fee 20% Hurdle rate before incentive fee collection starts 4% Current high-water mark [...]
题目 Capricorn Fund of Funds invests GBP 100 million in each of Alpha Hedge Fund and ABC Hedge Fund. Capricorn FOF has a “1 and 10” fee structure. Management fees and incentive fees are [...]
题目 Which of the following statements is true for REITs? 选项 A.According to GAAP, equity REITs are exempt from reporting earnings per share. B.Though equity REIT correlations with other asset [...]
