EMN 策略

NO.PZ202206260100000603问题如下Whiof Pukitis statement’s to Chu regarng equity-relatehee funmanagers is most likely correct?A.Statement 1B.Statement 2C.Statement 3SolutionC is correct. Pukitis correctly states thequity market–neutrmanagers are likely to have high levels of versification anturnover 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 investor wishes to have exposure to a strategy with lower equity betthere are cheaper long-only approaches to accomplish this goal.B is incorrect. cateshort-bimanagers typically have low levels of leverage.怎么理解EMN的versification高？

NO.PZ202206260100000603 问题如下 Whiof Pukitis statement’s to Chu regarng equity-relatehee funmanagers is most likely correct? A.Statement 1 B.Statement 2 C.Statement 3 SolutionC is correct. Pukitis correctly states thequity market–neutrmanagers are likely to have high levels of versification anturnover 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 investor wishes to have exposure to a strategy with lower equity betthere are cheaper long-only approaches to accomplish this goal.B is incorrect. cateshort-bimanagers typically have low levels of leverage. A 的优点不就是降低组合的贝塔值吗？ C 怎么理解股票市场中性策略 中较高的turnover ratio?这个是啥意思？

NO.PZ202206260100000603 问题如下 Winter Stone Associates Case ScenarioAlise Pukitis works analyst for Winter Stone Associates. Winter Stone is a hee funconsulting specialist thprovis analysis anaccess to hee fun for family offices anhigh-net-worth investment aisers. Amy Chu is a senior wealth aiser with Brownstein LegaAssociates who hengageWinter Stone to ecate the firm on current investment opportunities within the hee fununiverse.In initimeeting with Chu, Pukitis provis a summary of the hee funlancape. Brownstein hhistorically investein trationlong-only investment strategies in public markets for its clients. Pukitis tells Chu to expethe following characteristiwhen reviewing the hee fununiverse:Pukitis explains thhee fun are categorizeantracketype. Exhibit 1 shows the six brohee funcategories trackeWinter Stone.Exhibit 1. Hee FunCategories TrackeWinter StoneAfter reviewing the information, Chu tells Pukitis thshe woullike to receive more information on equity-relatestrategies. Pukitis makes the following statements to Chu regarng equity-relatehee funmanagers:Brownstein’s investment committee hintifiethe following characteristiit is seeking in the selection of a hee funmanager: low to morate levels of leverage, iosyncratic alphlong biase anno concerns about investing in illiquistrategy. Chu reviews a number of strategies on Winter Stone’s recommenlist but is having a fficult time termining whistrategy will meet the nee of Brownstein’s investment committee. She reaches out to Pukitis for help intifying the appropriate strategy to bring to the committee for approval.Question Whiof Pukitis statement’s to Chu regarng equity-relatehee funmanagers is most likely correct? A.Statement 1 B.Statement 2 C.Statement 3 SolutionC is correct. Pukitis correctly states thequity market–neutrmanagers are likely to have high levels of versification anturnover 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 investor wishes to have exposure to a strategy with lower equity betthere are cheaper long-only approaches to accomplish this goal.B is incorrect. cateshort-bimanagers typically have low levels of leverage. 请问market–neutral不是消除beta的影响而focus on 个股风险吗？

NO.PZ202206260100000603问题如下 Winter Stone Associates Case ScenarioAlise Pukitis works analyst for Winter Stone Associates. Winter Stone is a hee funconsulting specialist thprovis analysis anaccess to hee fun for family offices anhigh-net-worth investment aisers. Amy Chu is a senior wealth aiser with Brownstein LegaAssociates who hengageWinter Stone to ecate the firm on current investment opportunities within the hee fununiverse.In initimeeting with Chu, Pukitis provis a summary of the hee funlancape. Brownstein hhistorically investein trationlong-only investment strategies in public markets for its clients. Pukitis tells Chu to expethe following characteristiwhen reviewing the hee fununiverse:Pukitis explains thhee fun are categorizeantracketype. Exhibit 1 shows the six brohee funcategories trackeWinter Stone.Exhibit 1. Hee FunCategories TrackeWinter StoneAfter reviewing the information, Chu tells Pukitis thshe woullike to receive more information on equity-relatestrategies. Pukitis makes the following statements to Chu regarng equity-relatehee funmanagers:Brownstein’s investment committee hintifiethe following characteristiit is seeking in the selection of a hee funmanager: low to morate levels of leverage, iosyncratic alphlong biase anno concerns about investing in illiquistrategy. Chu reviews a number of strategies on Winter Stone’s recommenlist but is having a fficult time termining whistrategy will meet the nee of Brownstein’s investment committee. She reaches out to Pukitis for help intifying the appropriate strategy to bring to the committee for approval.Question Whiof Pukitis statement’s to Chu regarng equity-relatehee funmanagers is most likely correct?A.Statement 1B.Statement 2C.Statement 3SolutionC is correct. Pukitis correctly states thequity market–neutrmanagers are likely to have high levels of versification anturnover 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 investor wishes to have exposure to a strategy with lower equity betthere are cheaper long-only approaches to accomplish this goal.B is incorrect. cateshort-bimanagers typically have low levels of leverage.纯long和纯short的leverage都比long/short低对吗？