CFA备考-典型例题典型例题_Alternative-2017.pdfVIP

Alternative Investments (Time: 15 Min.) 1. Compared to traditional investments, alternative investments are most likely to be more: A. transparent B. leveraged C. liquid Answer: B Alternative investments tend to use more leverage and are typically less liquid and less transparent thantraditional investments. 2. A portfolio manager who adds hedge funds to a portfolio of traditional securities is most likely seeking to: A. increase expected returns only. B. both increase expected returns and d