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简ying · 2023年06月17日

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NO.PZ202207040100000303

问题如下:

In the analysts’ discussion about Fund B’s potential investments, the point that is most accurate relates to:

选项:

A.reorganization opportunities.

B.positions in distressed companies.

C.acquisitions in a consolidating industry.

解释:

Solution

C is correct. Fund B fund seeks to profit from the market inefficiencies that may arise as a result of corporate events. It can hold either long or short positions in the acquiring and target companies as appropriate to produce a profitable position. This would be true even in consolidating industries as long as it believed that a market inefficiency existed.

A is incorrect. Fund B fund seeks to profit from the market inefficiencies that may arise as a result of corporate events. Investing in reorganizations requires skill and expertise but normally involves a long-term investment horizon, which is inconsistent with Fund B’s strategy.

B is incorrect. Fund B fund seeks to profit from the market inefficiencies that may arise as a result of corporate events. A control position in a distressed company would normally involve a long-term investment horizon, which is inconsistent with Fund B’s strategy.

想明确一下,在学习bottom-up里special situations这种投资方式时,默认这种投资是短期投资是吗?同样,deep value和restructure and distressed investing这两种投资方式都是长期的,是吗?所以fund B描绘special situations的方式,就不能选择long term的?

1 个答案

笛子_品职助教 · 2023年06月18日

嗨,从没放弃的小努力你好:


想明确一下,在学习bottom-up里special situations这种投资方式时,默认这种投资是短期投资是吗?同样,deep value和restructure and distressed investing这两种投资方式都是长期的,是吗?所以fund B描绘special situations的方式,就不能选择long term的?


Hello,亲爱的同学~

同学理解正确的。

B基金寻求从企业事件可能导致的市场低效中获利,这是短期投资。

而对陷入困境的公司的控制地位通常涉及长期投资范围。

因此B不入选。

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