How to define exceedingly long lock-up period. How long is best for investor as empirical studies found that longer lock up periods tend to produce higher returns.
问题如下图：
选项：
A. 
B. 
C. 
解释：
韩韩_品职助教 · 2018年03月30日
同学你好，关于HF的锁定期，原版书里是说通常1-3年是比较常见的，Lock-up periods of one to three years are common。所以五年的锁定期有一些长。
还有一个实证检验的结论是说，There is some evidence of an impact of lock-up periods on hedge fund performance. In the case of US hedge funds, funds with quarterly lock-ups have higher returns than similar-strategy funds with monthly lock-ups. 季度的锁定期的收益比月度要高一些。