NO.PZ202206260100000604
问题如下：
Based on the characteristics identified by Brownstein’s investment committee, which of the following hedge fund strategies would Chu most likely recommend?
选项：
A.Managed futures
B.Distressed securities
C.Convertible bond arbitrage
解释：
SolutionB is correct. Brownstein’s investment committee is seeking a hedge fund with the following characteristics: low to moderate levels of leverage, idiosyncratic alpha, long biased, and no concerns about liquidity. Of the strategies listed, the distressed securities strategy meets these desired characteristics most closely.
A is incorrect. Managed futures strategies often contain a lot of embedded leverage, can be long or short biased, and typically are liquid.
C is incorrect. Convertible bond arbitrage strategies frequently use high levels of leverage and are net neutral.
既然他一般是illiquid的，为什么说他满足no concern for liquidity的要求？
