FIN 320 Quiz 8
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24. A __________ is a private investment pool open only to wealthy or institutional investors that<br />
is exempt from SEC regulation and can therefore pursue more speculative policies than mutual funds.<br />
25. ______ are private partnerships of a small number of wealthy investors, are often subject to<br />
lock-up periods, and are allowed to pursue a wide range of investment activities.<br />
26. The fastest-growing category of hedge funds is feeder funds. These funds invest in ________.<br />
27. When a short-selling hedge fund advertises in a prospectus that it is a 120/20 fund, this<br />
means that the fund may sell short up to ______ for every $100 in net assets and increase the long<br />
position to __________ of net assets.<br />
28. Which of the following are not managed investment companies?<br />
29. An example of a neutral pure play is _______.<br />
30. Hedge fund managers are compensated by ___________________.
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