49、Do hedge funds typically have a(n): | focus on relative returns? | option-like fee structure? | A. | No | No | B. | No | Yes | C. | Yes | No | D. | Yes | Yes |
A. Answer A B. Answer B C. Answer C D. Answer D
Correct answer = B
"Alternative Investments," Bruno Solnik and Dennis McLeavey
2008 Modular Level I, Vol. 6, pp. 207-210
Study Session 18-76-i
discuss the descriptive accuracy of the term "hedge fund," define hedge fund in terms of objectives, legal structure, and fee structure, and describe the various classifications of hedge funds
Hedge funds focus on absolute returns and place specific bets in the search for positive alphas. Because the fee structure includes a small base fee plus an incentive fee proportional to profits, hedge funds have an option-like fee structure. | 
发表于 2008-6-3 17:26
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