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LOS i, (Part 2): Describe the various classifications of hedge funds.
Q1. Hedge funds are usually classified by the media and hedge fund databases according to their:
A) past performance.
B) investment strategy.
C) legal structure.
Q2. A hedge fund that takes perfectly offsetting long and short positions is best described as a(n):
A) long/short fund.
B) market-neutral fund.
C) event-driven fund.
Q3. The largest category of hedge funds in terms of asset size is:
A) market-neutral funds.
B) global macro funds.
C) long/short funds.
Q4. Which of the following statements regarding hedge funds is least accurate?
A) Long/short funds have a net market neutral position.
B) Global macro funds make bets on the direction of a market, currency or interest rate.
C) Market-neutral hedge funds may have long and/or short positions.
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发表于 2009-2-28 17:37
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