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LOS a: Characterize the common features of alternative investments and their markets, and discuss how they may be grouped by the role they typically play in a portfolio.
Q1. With respect to the role of alternative assets in a portfolio, it can be best described as exposure to:
A) special investment strategies.
B) unique asset classes only.
C) unique asset classes and/or special investment strategies.
Q2. Special due diligence issues such as valuation, credit analysis, and financial structure are most likely associated with investments:
A) in managed futures.
B) in distressed securities.
C) made indirectly in real estate.
Q3. The structure, explanation of performance data, and style and strategy are special due diligence issues most associated with:
A) direct real estate investing.
B) hedge funds.
C) distressed securities.
Q4. With respect to information efficiency and potential for diversification, in comparing alternative investments to exchange traded stocks, the markets for alternative investments are:
A) less informationally efficient and provide more opportunity for diversification.
B) less informationally efficient and provide less opportunity for diversification.
C) more informationally efficient and provide more opportunity for diversification.
Q5. With respect to due diligence costs and liquidity, in comparing alternative investments to exchange traded stocks, the markets for alternative investments have:
A) less liquidity and lower due diligence costs.
B) less liquidity and higher due diligence costs.
C) more liquidity and higher due diligence costs. | 
发表于 2009-3-11 09:12
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