c

问题如下：

In performing due diligence on a potential investment manager, which of the following factors is the least important for the investor to consider?

选项：

A.Risk controls

B.Business model

C.Past performance

D.Investment process

解释：

Investors should assess potential managers and their investment strategies with an objective and unbiased mind. They should not be unduly concerned with a manager’s past successes given that past performance is not always indicative of future performance. Risk controls, the business model, and the investment process are all fundamental parts of the due diligence process.