LOS q: State and explain the provisions of the GIPS standards for private equity.
Q1. Which of the following ratios is least likely to be shown in a performance presentation under the GIPS provisions for private equity?
A) Paid-in capital to committed capital.
B) Total value to residual value.
C) Cumulative distribution to paid-in capital.
Q2. The GIPS provisions for private equity require the vintage year to be presented. Which of the following best describes the vintage year? The vintage year is the year in which:
A) the first material investment was made.
B) capital is first drawn down from investors.
C) the composite was created.
Q3. Which of the following items is NOT required to be included as part of a private equity performance presentation?
A) Gross-of-fees since inception internal rate of return.
B) Net-of-fees since inception internal rate of return.
C) Capital drawn down from partners during the year.
[此贴子已经被作者于2009-4-10 16:23:05编辑过] |