NO.PZ202206260100000603
问题如下:
Which of Pukitis statement’s to Chu regarding equity-related hedge fund managers is most likely correct?选项:
A.Statement 1
B.Statement 2
C.Statement 3
解释:
SolutionC is correct. Pukitis correctly states that equity market–neutral managers are likely to have high levels of diversification and turnover ratios.
A is incorrect. Although a lower beta to equity markets is a characteristic of long–short managers, it is not one of the attractive features of long–short strategies. If an investor wishes to have exposure to a strategy with lower equity beta, there are cheaper long-only approaches to accomplish this goal.
B is incorrect. Dedicated short-bias managers typically have low levels of leverage.
还是没有理解为什么a错了,难道更小的beta不是这个策略attractive的点么