Fun with Schweser Ethics... represents, invested, because, private

ajpheif16

Jill Tillman, CFA, has a client who wishes to invest in private equity. The client’s total portfolio is $80 million. The client wants to invest $10 million in private equity, wants to keep the money invested for 7-10 years, and does not need liquidity. Tillman should:
A) invest the client’s money because private equity has the desired properties.
B) not invest the money because it represents too much of the client’s portfolio.
C) not invest the money because private equity requires a longer holding period than specified by the client.

Iginla2010

it’s not …
if i’m even getting the dumb questions wrong..that’s worrrying…
5 days to go…what a B*%!$^%

jbaldyga

A for me, kind of like client directed trades to a broker who doesn’t offer best execution. If it’s what the client wants, and it’s legal, it’s what the client gets.