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mino酱是个小破货 · 2025年06月29日

烦请老师帮忙看下这么回答可以吗？谢谢老师

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NO.PZ2023010409000007

问题如下：

Bern Zang is the recently hired chief investment officer of the Janson University Endowment Investment Office. The Janson University Endowment Fund (the Fund) is based in the United States and has current assets under management of $12 billion. It has a long-term investment horizon and relatively low liquidity needs. The Fund is overseen by an Investment Committee consisting of board members for the Fund. The Investment Office is responsible for implementing the investment policy set by the Fund’s Investment Committee.

The Fund’s current investment approach includes an internally managed fund that holds mostly equities and fixed-income securities. It is largely passively managed with tight tracking error limits. The target asset allocation is 55% equities, 40% fixed income, and 5% alternatives. The Fund currently holds private real estate investments to meet its alternative investment allocation.

Describe how each of the following common characteristics of institutional investors supports the Fund’s allocation to private real estate:

i. Scale

ii. Investment horizon

iii. Governance framework

选项：

解释：

i. The large asset size of the Fund (12 billion ) can have a wider investment universe and meet the high minimum investment size of private real estate.

ii. It has a long-term investment horizon and relatively low liquidity needs. And it also means an above average risk tolerance. So it can meet the requirement of investing in alternatives like private real estate.

iii. The governance framework of the fund is formal and well structured.The Fund is overseen by an Investment Committee consisting of board members for the Fund. The Investment Office is responsible for implementing the investment policy set by the Fund’s Investment Committee.

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1 个答案

Lucky_品职助教 · 2025年06月30日

嗨，爱思考的PZer你好：


同学，我看到你提交了很多针对于主观题作答答案是否合适的问题，我在这里给同学一些建议。


对于主观题作答是否准确，主要有三个标准：

第一，最基本的就是你的答案一定要是方向正确的，也就是最开始的判断对错，拒接或接受，或是选择哪种方法等等，你的定位一定是正确的，否则后面如何解释都没有分数。

第二，最重要的是，你的答案一定要能够涵盖70%以上的，针对问题所需要的知识点，不可遗漏或是张冠李戴的比例过大，比如说让你分析某种方式的优点，讲义中给出的是3点，你最起码有能够答出2点，并且也不能把其他方法的优点混淆在一起。

第三，需要你的答案，以点的形式表达，并且语句和用词都尽可能的准确和简洁，目的有三个，一是逻辑清楚，二是节省时间，三是让阅卷人知道你在说什么。


对于具体的操作，有两个建议：

第一，自己写完答案后，与题目给出的答案解析相互对照一下，这样无论是方向的判断，还是知识点的涵盖范围以及准确性，都能够得到验证，这一步能够解决前两条标准。

第二，你可以找一个AI的软件，把你已经通过验证后的答案交给AI，让他帮你以分点的形式表述，并且尽可能的简洁。此步骤经过多几道题的操作后，你就能够清楚如何将答案写的即省时又省立。


所以说，这两个步骤以及所能解决的三个标准，都是同学可以通过自己的操作来完成的，这样对于同学真正能够掌握主观题的答题方法，事半功倍。

以前也有过同学和你一样，几乎每一道主观题都会提交上来问是否合适，但其实我们每一道题给出一个建议，实际上并不能够真正让同学掌握可以举一反三的答题方式。

所以，根据经验来看，我这边就不给同学一一做解答了，同学可以尝试着用我建议的方法联系一下，如果遇到具体的知识点疑惑或是关于考试中的具体问题，可随时提问，我定会知无不言。

还望理解。

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