NO.PZ2023010407000027
问题如下：
In preparation for the first meeting between Zen-Alt and the fund, Gension and Smittand discuss implementing a short-biased equity strategy within the fund. Smittand makes the following three statements regarding short-biased equity strategies.
Which of Smittand’s statements regarding short-biased equity strategies is incorrect?
选项：
A.Statement 1
Statement 2
Statement 3
解释：
B is correct. While
bonds reduce the probability of achieving a target return over time, they have
been more effective as a volatility mitigator than alternatives over an
extended period of time.
A is incorrect
because Statement 1 is correct. Short-biased strategies are expected to provide
some measure of alpha in addition to lowering a portfolio’s overall equity
beta.
C is incorrect
because Statement 3 is correct. Short-biased equity strategies help reduce an
equity-dominated portfolio’s overall beta. Short-biased strategies are believed
to deliver equity-like returns with less-than-full exposure to the equity
premium but with an additional source of return that might come from the
manager’s shorting of individual stocks.
请问equity下的三大hedge fund策略，是不是都可以说provide alpha？
讲课老师提了 long-short策略是additional source of alpha, 但另外两类好像没有明确说可以provide alpha。
