Alternative Investments

CFA Level 2 · 5 questions

Key Takeaways

Covers valuation approaches specific to private equity, real estate, and hedge funds.
Goes beyond describing the asset classes (as at Level 1) into how each is actually valued.

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Question 1Easy

Which of the following best describes a key characteristic of hedge funds compared to mutual funds?

A.Hedge funds typically have fewer restrictions on short selling and leverageB.Hedge funds are required to be registered with the SECC.Hedge funds must disclose their holdings daily to investorsD.Hedge funds are prohibited from using derivatives

Select an answer and check it