这道题题干说明是over funded,目标回报5.5%。并没有说要achieve "the highest portfolio return"。PE的回报远高于5.5%,但是风险也大于hedge fund。所以更适合的选择为什么不是hedge fund呢?
Basel Zhang · 2023年07月08日
The SMC pension plan has been able to fund the annual pension payments without any corporate contributions for a number of years. The committee is interested in potential changes to the asset mix that could increase the probability of achieving the long-term investment target return of 5.5% while maintaining the funded status of the plan. Park notes that fixed-income yields are expected to remain low for the foreseeable future. Kroll asks:
Statement 2 If the public equity allocation remains at 60%, is there a single asset class that could be used for the balance of the portfolio to achieve the greatest probability of maintaining the pension funding status over a long time horizon? Under this hypothetical scenario, the balance of the portfolio can be allocated to either bonds, hedge funds, or private equities.
2 In answering the question raised in Statement 2, Park would most likely recommend:
A. Bonds
B. Hedge funds
C. private equities
伯恩_品职助教 · 2023年07月08日
嗨,爱思考的PZer你好:
同学你好,能复制一下吗?或者说下这是哪个题。图片的文字太袖珍了,真的看不清。。。。
----------------------------------------------就算太阳没有迎着我们而来,我们正在朝着它而去,加油!
Basel Zhang · 2023年07月08日
The SMC pension plan has been able to fund the annual pension payments without any corporate contributions for a number of years.