小规模比较难在alternative部分做到分散化投资算理由吗？

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NO.PZ202301040900002202

问题如下：

(2) Upon completion of the investment policy review by her four-person staﬀ, the CIO makes some recommendations to the Endowment’s board regarding the investment objectives and asset allocation. One of her recommendations is to adopt the endowment model as an investment approach. She recommends investing 20% in private equity, 40% in hedge funds, 25% in public equities, and 15% in fixed income.

Determine whether the board should accept the CIO’s recommendation. Justify your response.

选项：

解释：

Endowment’s assets under management are relatively small, it may difficult to meet the minimal investment requiremnt for some alternative investment. This may cause the portfolio less diversified

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lynn_品职助教 · 2024年07月23日

嗨，爱思考的PZer你好：

算，从规模上讲，所有的小规模机构投资者，他不管使用啥模型，都面临以下问题：

1、所有小规模机构投资者规模小，无法投资门槛较高的alternative，分散化程度低；

2、小规模基金，没有Skilled employess and无法聘请顶级经理。

题目考过比较粗略地小规模=outsourcing。或者进一步考察outsourcing的时候还会遇到一些阻碍，如找不到专业的另类资产投研团队。

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NO.PZ202301040900002202 问题如下 (2) Uponcompletion of the investment polireview her four-person staﬀ, the CIOmakes some recommentions to the Enwment’s boarregarng the investmentobjectives anasset allocation. One of her recommentions is to apt theenwment mol investment approach. She recommen investing 20% inprivate equity, 40% in hee fun, 25% in public equities, an15% in fixencome.termine whetherthe boarshoulaccept the CIO’s recommention. Justify your response. alternative asset因为illiquity，过高的比例会导致portfolio 流动性降低，难以满足每年的spenng，这可以算一个理由吗？

2024-01-22 20:08 1 · 回答

小规模比较难在alternative部分做到分散化投资算理由吗？

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