NO.PZ2023010409000023
问题如下：
The Wolf University Endowment
Fund (the Fund), which has assets under management of $200 million, has an
overall objective of maintaining long-term purchasing power while providing
needed financial support to Wolf University. During the meeting, Spintop states
that the Fund has an annual spending policy of paying out 4% of the Fund’s three-year
rolling asset value to Wolf University.
The Fund has a
small investment staff with limited experience in managing alternative assets
and currently uses the Norway model for its investment approach. Azarov
suggests a change in investment approach by making an allocation to externally
managed alternative assets—namely, hedge funds and private equity. Ten-year
nominal expected return assumptions for various asset classes, as well as three
proposed allocations that include some allocation to alternative assets, are
presented in Exhibit 1.
Exhibit 1 10-Year Nominal Expected Return Assumptions and Proposed Allocations
Expected inflation
for the next 10 years is 2.5% annually.
Which proposed
allocation in Exhibit 1 would be most appropriate for the Fund given its characteristics?
Justify your response.
选项：
解释：
能请老师讲下不同基金类型，多少AUM区间，定义为大或者小基金，谢谢
