______ Are Private Partnerships of Small Number of Wealthy Investors

question 19

Multiple Choice

______ are private partnerships of small number of wealthy investors who are organized as private partnerships,often subject to lock-up period,and allowed to pursue a wide range of investment activities.

• A) Hedge funds
• B) Closed-end funds
• C) REITs
• D) Mutual funds

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Definitions:

After-tax Holding-period Return

The return on an investment after accounting for taxes, over the period it was held, reflecting the true gain or loss.

Personal Trusts

Financial instruments in which assets are held by a trustee for the benefit of the trust's beneficiaries according to the terms of the trust agreement.

Risk Averse

A description of an investor's or institution's preference to avoid risk, opting instead for the most stable and predictable outcomes.

Investment Horizon

The total length of time that an investor expects to hold a portfolio or a specific investment before selling it.