"Alternative Investments":Introduction to Alternative Investments

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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

View answer resolution

【Answer to question 1】B

【analysis】

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

【Answer to question 2】B

【analysis】

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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