NO.PZ2023010407000028
问题如下:
Ingerðria Greslö is an adviser with an investment management company
and focuses on asset allocation for the company’s high-net-worth investors. She
prepares for a meeting with Maarten Pua, a new client who recently inherited a
$10 million portfolio solely comprising public equities.
Greslö meets with Pua and proposes that she create a multi-asset portfolio by selling a portion of his equity holdings and investing the proceeds in another asset class. Greslö advises Pua that his investment objective should be to select an asset class that has a high potential to fulfill two functional roles: risk diversification and capital growth. Greslö suggests the following three asset classes:
·
Public real estate
·
Private real assets (timber)
·
Equity long/short hedge funds
Determine
the most appropriate equity-related hedge fund strategy that Shaindy should
employ. Justify your response.
选项:
解释:
回答:
Private real assets (timber) is the most appropriate strategy.
Public real estate share some same characters with public equities, which could not provide risk diversification. While the expected return of equity long/short hedge fund is less than private real assets. As such private real assets (timber) is the most appropriate strategy for risk diversification and capital growth purposes.