NO.PZ2023122201000059
问题如下：
Which of the following fund structures is most likely to be suitable for an institutional hedge fund investor that seeks a highly customizable offering with negotiable fees?选项：
A.Separately managed hedge funds B.Commingled hedge funds (master feeder funds) C.Funds of funds解释：
A hedge fund SMA can be tailored to a single investor seeking a tailored portfolio with negotiated fees. The other fund structures do not generally offer customization or negotiable fees.请问B是什么啊，老师可以解释一下吗没看过这个
