NO.PZ2019042401000052
问题如下:
A group of newly hired investment analysts at a large wealth management firm is undergoing training on the company’s investment practices, including hedge fund investments. Part of the training addresses the firm's due diligence process for evaluating hedge funds considered for investment. Which of the following statements about due diligence on the operational environment of a hedge fund is correct?
选项:
A.
An investor should assess the qualifications of the fund’s investment team members but does not need to do the same for other fund personnel.
B.
An investor should investigate the fund’s compliance practices but does not need to ensure that the fund has an in-house compliance function.
C.
An investor should review the fund documents but does not need to verify with the fund’s law firm whether they are responsible for the content of these documents.
D.
An investor should ask if the fund uses third-party service providers but does not need to inquire about the fund’s relationships with these service providers.
解释:
B is correct. Compliance practices are crucial aspects of due diligence, and investors need to ensure that hedge funds have robust compliance procedures in place, either through an in-house function or an outsourced arrangement.A is incorrect. Due diligence should encompass assessing the qualifications of all personnel involved in the fund's operations, not just the investment team.C is incorrect. Verification with the fund's law firm regarding responsibility for the content of fund documents is an essential step in due diligence.D is incorrect. Due diligence includes investigating a fund's relationships with third-party service providers to assess operational risks and dependencies.
可否翻译一下每一个选项。。。。