NO.PZ202206260100000501
问题如下:
The description of the Gemini Fund strategy in its OM suggests the fund’s style most likely is:选项:
A.short biased. B.activist short selling. C.dedicated short selling.解释:
SolutionA is correct. The key focus of the Gemini Fund is to short securities it believes will decline in price. The fund has many of the characteristics of a short-biased hedge fund. Gemini is on average net short. Activist short-selling funds take short positions and publicly share their negative fundamental views. Dedicated short-selling funds take only short positions. Gemini maintains modest long positions to offset a bull market drag on performance.
B is incorrect. Activist short-selling funds take short positions and publicly share their negative fundamental views.
C is incorrect. Dedicated short-selling funds take only short positions, whereas Gemini also maintains value-oriented long positions.
以及此题选项的理由