NO.PZ201604030300004906
问题如下：
6. Are the policies of the alternative assets fund consistent with the required and recommended standards of the Asset Manager Code?
选项：
A.
Yes.
B.
No, the frequency of reporting is inconsistent with the AMC.
C.
No, the use of internal valuation models is inconsistent with the AMC.
解释：
B is correct.
Clients must have regular performance information to evaluate their overall asset allocations and to determine whether rebalancing is necessary. This concept applies even to investment vehicles with lock-up periods. According to the Asset Manager Code, unless otherwise specified by the client, managers should report to clients at least quarterly, and when possible, within 30 days of the end of the period.
这个考点是不是valuation hirachy？即使是model input也应该分为两层，第一个input是observed，观察不到才用最后一层即internal unobserved input啊！本题跳过第一层直接用internal input明显是错误的啊
