"Alternative Investments": Illiquidity

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來源: 正保會(huì)計(jì)網(wǎng)校編輯：大耳朵圖圖 2020/09/09 15:24:50　字體：大小

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Questions 1:

Illiquidity is most likely a major concern when investing in:

A. private equity.

B. real estate investment trusts.

C. commodities.

Questions 2:

Do management fees most likely get paid to the manager of a hedge fund, regardless of the fund's performance?

A. No, only when the fund's net asset value exceeds the previous high-water mark

B. No, only when the fund's gross return is positive

C. Yes

View answer resolution

【Answer to question 1】（A）

【analysis】

Once a commitment in a private equity fund has been made, the investor has very limited liquidity options.

【Answer to question 2】（C）

【analysis】

Regardless of performance, the management fee is always paid to the fund manager.

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