No.PZ2019100801000002
来源:
Bern Zang is the recently hired chief investment officer of the Janson University Endowment Investment Office. The Janson University Endowment Fund (the Fund) is based in the United States and has current assets under management of $12 billion. It has a long-term investment horizon and relatively low liquidity needs. The Fund is overseen by an Investment Committee consisting of board members for the Fund. The Investment Office is responsible for implementing the investment policy set by the Fund’s Investment Committee.
The Fund’s current investment approach includes an internally managed fund that holds mostly equities and fixed-income securities. It is largely passively managed with tight tracking error limits. The target asset allocation is 55% equities, 40% fixed income, and 5% alternatives. The Fund currently holds private real estate investments to meet its alternative investment allocation.
No.PZ201910080100000203
来源:
Describe how each of the following common characteristics of institutional investors supports the Fund’s allocation to private real estate:
i. Scale
ii. Investment horizon
iii. Governance framework
我的答案是：
i.scale: current assets under management of $12 billion, which is a relatively large scale and is appropriate to invest in private real estate.
ii. investment horizon:the fund has a long-term investment horizon and relatively low liquidity needs, which is appropriate to invest in private real estate.
iii.Governance framework: the fund has a well-established governance framework. The Fund is overseen by an Investment Committee consisting of board members for the Fund. The Investment Office is responsible for implementing the investment policy set by the Fund’s Investment Committee, which is appropriate to invest in private real estate.
请问这样答题可以吗？是否有需要改进的地方
