标题: Reading 34: Alternative Investm....olio Management－LOS v [打印本页]
作者: tycoon 时间: 2008-9-16 14:43 标题: [2008] Session 11－Reading 34: Alternative Investm....olio Management－LOS v
CFA Institute Area 8-11, 13: Asset Valuation
Session 11: Alternative Investments for Portfolio Management
Reading 34: Alternative Investments Portfolio Management
LOS v: Explain the importance of event risk, market liquidity risk, market risk, and "J factor risk" for distressed securities investors.
作者: tycoon 时间: 2008-9-16 14:44
In distressed securities investing, the type of risk that is from the human element associated with decisions determined in a court of law is called:
Answer and Explanation
In J-factor risk, the J factor refers to the role that courts and judges can play in the return, and this involves an unpredictable human element.
作者: tycoon 时间: 2008-9-16 14:44
In distressed securities investing, the fact that there can be cyclical supply and demand for these investments is associated with:
Answer and Explanation
Market liquidity risk refers to the low liquidity and the fact that there can be cyclical supply and demand for these investments.
作者: tycoon 时间: 2008-9-16 14:45
In distressed securities investing, event risk is:
| A) | a source of return only. |
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| B) | a source of diversification only. |
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D) | a source of both return and diversification. |
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Answer and Explanation
Event risk refers to the fact that the return on a particular investment within this class typically depends on a particular event for a company, and that can provide good diversification.
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