NO.PZ2022062601000029
问题如下：
Jack makes the following statement regarding equity-related hedge fund managers:
- Statement 1：The most attractive feature of long-short stock managers is that they have lower beta sensitivity to the equity market compared to long-only equity managers.
- Statement 2: Compared to long-short or equity market neutral strategies, dedicated short-bias managers typically benefit from higher levels of leverage and more frequent use of leverage.
- Statement 3: The equity market - neutral managers may have a high level of diversification and turnover.
选项：
A.
Statement 1
B.
Statement 2
C.
Statement 3
解释：
C is correct. Jack correctly pointed out that equity market–neutral managers may have high levels of diversification and turnover.
A is incorrect. Although a lower beta to equity markets is a characteristic of long–short managers, it is not one of the attractive features of long–short strategies. If an investor wishes to have exposure to a strategy with lower equity beta, there is a cheaper way to achieve this goal by only going long.
B is incorrect. Dedicated short-bias managers typically have low levels of leverage.
知识点考察：Equity Strategies
A 不正确。long–short equity managers的特点之一是低β，但不是其相对于long-only最有有吸引的地方。因为要减少β，可以通过减少long-only得持仓来达到目的。
B 不正确。Dedicated short-bias managers通常是较低的杠杆率。毕竟做空风险高，再加杠杆会加大风险。
C 是正确的。market–neutral managers可能具有高水平的多元化和周转率。
能不能解释一下为什么equity neutral会有更高的分散化和周转率呢，我不太理解，谢谢
