题目 The potential benefits of allocating a portion of a portfolio to alternative investments include: 选项 A.ease of manager selection. B.improvement in the portfolio’s risk–return [...]
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 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 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 The privatization of an existing hospital is best described as: 选项 A.a greenfield investment. B.a brownfield investment. C.an economic infrastructure investment. 答案 B 解析 B is [...]
题目 A significant challenge to investing in timber is most likely its: 选项 A.high correlation with other asset classes. B.dependence on an international competitive context. C.return volatility [...]
题目 Angel investing capital is typically provided in which stage of financing? 选项 A.Later-stage. B.Formative-stage. C.Mezzanine-stage. 答案 B 解析 B is correct. Formative-stage financing [...]