这道题可以理解，只是想知道，如果说了两个关于为什么不能投pe的原因，算回答了两点吗？

NO.PZ201805280100000401 问题如下 scuss two reasons why the proposeasset allocation is inappropriate for Titan. The proposeasset allocation for Titis not appropriate because:1 Given the shift in enrollment tren anclining nations resulting from the sanctions, Titwill likely neegreater liquity in the future because of the increaseprobability of higher outflows to support university operations. The proposeasset allocation shifts Titan’s allocation into risky assets (increases the relative equity holngs ancreases the relative bonholngs), whiwoulintrogreater uncertainty to their future value.2 Titis relatively small for the proposeaition of private equity. Access to suasset class private equity mconstrainefor smaller asset owners, suTitan, who mlathe relateinterninvestment expertise. Aitionally, the Sun-Fin Private Equity Funminimum investment level is $1 million. This level of investment in private equity woul10% of Titan’s totportfolio value. Given Titan’s clining financiposition e to clining enrollments anits resulting potentineefor liquity, private equity this minimum level of investment is not appropriate for Titan. 1.为什么Titan相对于PE投资的增加而言，规模相对较小？

NO.PZ201805280100000401 问题如下 scuss two reasons why the proposeasset allocation is inappropriate for Titan. The proposeasset allocation for Titis not appropriate because:1 Given the shift in enrollment tren anclining nations resulting from the sanctions, Titwill likely neegreater liquity in the future because of the increaseprobability of higher outflows to support university operations. The proposeasset allocation shifts Titan’s allocation into risky assets (increases the relative equity holngs ancreases the relative bonholngs), whiwoulintrogreater uncertainty to their future value.2 Titis relatively small for the proposeaition of private equity. Access to suasset class private equity mconstrainefor smaller asset owners, suTitan, who mlathe relateinterninvestment expertise. Aitionally, the Sun-Fin Private Equity Funminimum investment level is $1 million. This level of investment in private equity woul10% of Titan’s totportfolio value. Given Titan’s clining financiposition e to clining enrollments anits resulting potentineefor liquity, private equity this minimum level of investment is not appropriate for Titan. * 问题详情，请 查看题干Mark Bor a financiaiser, works with two university fountions, the TitState Fountion (Titan) anthe Forart University Fountion (Forart). He meets with eauniversity fountion investment committee annually to review funobjectives anconstraints.Titan’s portfolio ha market value of $10 million. After his annumeeting with its investment committee, Bornotes the following points:■ Titmust spen3% of its beginning-of-the-yeasset value annually to meet legobligations.■ The investment committee seeks exposure to private equity investments anrequests Bors review of the Sun-Fin Private Equity Funa potentinew investment.■ A recent clining trenin enrollment is expecteto continue. This is a concern because it hleto a loss of operating revenue from tuition.■ Regulatory sanctions anpenalties are likely to result in lower nations over the next five years.Borsupervises two junior analysts aninstructs one to formulate new allocations for Titan. This analyst proposes the allocation presentein Exhibit 1.scuss two reasons why the proposeasset allocation is inappropriate for Titan.The proposeasset allocation for Titis not appropriate because:1 Given the shift in enrollment tren anclining nations resulting from the sanctions, Titwill likely neegreater liquity in the future because of the increaseprobability of higher outflows to support university operations. The proposeasset allocation shifts Titan’s allocation into risky assets (increases the relative equity holngs ancreases the relative bonholngs), whiwoulintrogreater uncertainty to their future value.2 Titis relatively small for the proposeaition of private equity. Access to suasset class private equity mconstrainefor smaller asset owners, suTitan, who mlathe relateinterninvestment expertise. Aitionally, the Sun-Fin Private Equity Funminimum investment level is $1 million. This level of investment in private equity woul10% of Titan’s totportfolio value. Given Titan’s clining financiposition e to clining enrollments anits resulting potentineefor liquity, private equity this minimum level of investment is not appropriate for Titan.我的回答，求批改The tuition annations to the fountion will cline in the next few years, therefore the risk toleranshoulcline well. More capitin private equity transferrefrom Bonfunwill make the portfolio less liqui Sinnations antuition fees will cline, university mneemore support from the fountion to with operating issues, therefore the 3% cash equivalent fun are less thexpecte

NO.PZ201805280100000401 问题如下 scuss two reasons why the proposeasset allocation is inappropriate for Titan. The proposeasset allocation for Titis not appropriate because:1 Given the shift in enrollment tren anclining nations resulting from the sanctions, Titwill likely neegreater liquity in the future because of the increaseprobability of higher outflows to support university operations. The proposeasset allocation shifts Titan’s allocation into risky assets (increases the relative equity holngs ancreases the relative bonholngs), whiwoulintrogreater uncertainty to their future value.2 Titis relatively small for the proposeaition of private equity. Access to suasset class private equity mconstrainefor smaller asset owners, suTitan, who mlathe relateinterninvestment expertise. Aitionally, the Sun-Fin Private Equity Funminimum investment level is $1 million. This level of investment in private equity woul10% of Titan’s totportfolio value. Given Titan’s clining financiposition e to clining enrollments anits resulting potentineefor liquity, private equity this minimum level of investment is not appropriate for Titan. 19题来说 实际只有9.7m来配置，那PE要求10%，就是0.97m 不满足 minimum investment 1m的要求，是否可以从这个角度作答？

NO.PZ201805280100000401 问题如下 scuss two reasons why the proposeasset allocation is inappropriate for Titan. The proposeasset allocation for Titis not appropriate because:1 Given the shift in enrollment tren anclining nations resulting from the sanctions, Titwill likely neegreater liquity in the future because of the increaseprobability of higher outflows to support university operations. The proposeasset allocation shifts Titan’s allocation into risky assets (increases the relative equity holngs ancreases the relative bonholngs), whiwoulintrogreater uncertainty to their future value.2 Titis relatively small for the proposeaition of private equity. Access to suasset class private equity mconstrainefor smaller asset owners, suTitan, who mlathe relateinterninvestment expertise. Aitionally, the Sun-Fin Private Equity Funminimum investment level is $1 million. This level of investment in private equity woul10% of Titan’s totportfolio value. Given Titan’s clining financiposition e to clining enrollments anits resulting potentineefor liquity, private equity this minimum level of investment is not appropriate for Titan. 答案第二点的知识点是哪里？看懂了，但是不知道为啥要说这些。