关于diversify

NO.PZ2022062601000018 问题如下 Finanstunts John anJesse scuss Multi-Manager Strategies, scussing the fferences between multi-strategy anfunof-fun approaches. Jesse saithmulti-strategy fun are generally better thfunof-fun. She gave the following reasons:• lower levels of variance,• lower levels of leverage,• improvefee structure,• increasetransparency,• faster reaction time, an a more verse mix of investment strategies.Jessie's comment is likely accurate: A.variananleverage. B.fee structure antransparency. C.reaction time anversification. B is correct. Multi-strategy fun typically have more favorable fee structures for investors thfun of fun analso offer increasetransparency.A is incorrect. Multi-strategy fun typically use more leverage anhave more unstable returns thFOFs.C is incorrect. Although multi-strategy fun have faster reaction times for tacticallocation changes, fun of fun potentially offer a more verse mix of strategies. 知识点考察Multi-Manager StrategiesB 是正确的。Multi-strategy fun通常比FOFs对投资者有更有利的费用结构，并且还提供更高的透明度。A 不正确。Multi-strategy fun通常比基金中的基金使用更多的杠杆。C 不正确。尽管Multi-strategy fun对reaction time更快，但FOFs更versification。 为什么Multi-strategy比FoF要使用更多的杠杆呢？还有left-tail risk和right-tail risk是什么区别。为什么说举杠杆会导致left-tail risk？