Which of the following strategies best addresses the liquidity risk of a less frequently traded bond position in an active manager’s portfolio?
A Enter into a receive fixed, pay floating asset swap, unwinding the swap position once the illiquid bond position is sold.
B Sell single-name CDS protection on the illiquid bond issuer, unwinding the CDS contract when the bond is sold.
C Allocate the illiquid bond to the buy-and-hold portion of the investment portfolio.
答案：C
