请问与加拿大模式的区别？

问题如下：

In the meeting with Maglav, Azarov describes the investment approach used by Westcome in managing the pension plan. The approach is characterized by a high allocation to alternative investments, significant active management, and a reliance on outsourcing assets to other external asset managers.

Westcome’s investment approach for Maglav’s pension plan can be best characterized as the:

选项：

A.

Norway model.

B.

Canadian model.

C.

endowment model.

解释：

C is correct. The endowment model operates in an asset-only context and is characterized by a high allocation to alternative investments, including private investments and hedge funds; significant active management; and outsourcing to external managers. These characteristics describe the investment approach used by Westcome.

The skill in sourcing alternative investments is critically important given the large variation in performance among asset managers, especially for alternative investments.