NO.PZ202206260100000403
问题如下:
The Nullarbor Foundation’s investment committee’s requests are least likely realistic with regard to:选项:
A.fund governance. B.investor expertise. C.transparency and reporting.解释:
SolutionC is correct. Although it is reasonable to expect a private equity or private credit general partner to explain how assets are being valued for reporting (e.g., using independent administrators), full transparency of holdings cannot be expected. Investors in these markets must, to some extent, be comfortable with buying into a blind pool of assets.
A is incorrect. It is reasonable to expect the general partner to explain who has investment decision-making authority or responsibility and to make clear that person has the knowledge, time, and capacity to make good decisions.
B is incorrect. Investments in private equity and private credit require investors to believe that markets are less than efficient in specific ways from which alternative investments can profit. It is reasonable and appropriate for the investment committee to want to understand how market conditions are likely to favor certain alternative investment strategies.
如题