Shares in hedge funds are priced a at nav b a

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7. Shares in hedge funds are priced A. at NAV B. a significant premium to NAV C. a significant discount from NAV D. B or C E. none of the above Shares in hedge funds are priced at NAV. Difficulty: Easy 8. Hedge funds are typically set up as ______ and provide ______ information about portfolio composition and strategy to their investors. Hedge funds are typically set up as limited partnerships and provide minimal information about portfolio composition and strategy to their investors. Difficulty: Moderate 26-3
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Chapter 26 - Hedge Funds 9. Hedge funds are ______ transparent than mutual funds because of ______ strict SEC regulation on hedge funds. Hedge funds are less transparent than mutual funds because of less strict SEC regulation on hedge funds. Difficulty: Moderate 10. ______ must periodically provide the public with information on portfolio composition. Mutual funds must periodically provide the public with information on portfolio composition. Difficulty: Moderate 11. ______ are subject to the Securities act of 1933 and the Investment Company Act of 1940 to protect unsophisticated investors. A. Hedge funds B. Mutual funds C. ADRs D. A and C E. B and C Mutual funds are subject to the Securities act of 1933 and the Investment Company Act of 1940 to protect unsophisticated investors. Difficulty: Moderate 26-4
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Chapter 26 - Hedge Funds 12. Hedge funds traditionally have ______ than 100 investors and ______ to the general public. Hedge funds traditionally have less than 100 investors and do not advertise to the general public. Difficulty: Moderate 13. The minimum investment in some new hedge funds is as low as $______, compared to a traditional minimum of $______. The minimum investment in some new hedge funds is as low as 25,000 compared to a traditional minimum of 500,000 to 1million. Difficulty: Moderate 14. Hedge funds differ from mutual funds in terms of ______. funds differ from mutual funds in terms of transparency, investors, investment strategy, and liquidity. Difficulty: Moderate 26-5
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Chapter 26 - Hedge Funds 26-6
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Chapter 26 - Hedge Funds
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