"Alternative Investments":Hedge funds
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Questions 1:
An alternative investments fund that uses leverage and takes long and short positions in securities is most likely a:
A 、leveraged buyout fund.
B、hedge fund.
C 、venture capital fund.
Questions 2:
If the level of broad inflation indexes is largely determined by commodity prices, the average real yield on direct commodity investments is most likely:
A 、less than zero.
B、 equal to zero.
C、 greater than zero.
B is correct. Hedge funds invest in securities and may take long and short positions. They may also use leverage.
A is incorrect. Leveraged buyout funds make equity investments in established companies
C is incorrect. Venture capital funds provide capital to start-up firms with high growth potential.
B is correct. As the price increases of commodities are mirrored in higher price indexes, the nominal return is equal to inflation and thus the real return is zero.
A is incorrect. A negative real return implies inflation greater than nominal return. This is not the case if commodity price increases determine inflation.
C is incorrect. A positive real return implies inflation less than nominal return. This is not the case if commodity price increases determine inflation.
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