烦请问下老师这么回答可以吗？谢谢老师

NO.PZ202301040900001002问题如下 (2) Recommena new investment approabasefor the Whatsit’s pension plthatis most likely to outperform the market. Justify your response anintifyone aantage anone saantage of this approach. Whatsit shouluse the enwment mol.Justification (either two of these is acceptable):Ÿ Long time horizonŸ High risk toleranceŸ Relatively small liquity neeŸ Stuart’s experienwith externmanagers to help with investmentAantage:Ÿ Ability to capture alpha anoutperform the market over a long-time horizon, this, high value-aepotential.saantages (either one of these is acceptable):Ÿ The enwment mol is costly because of high alternative exposure, active management anoutsourcing compareto a passive approach.fficult to implement if funhlarge asset size. 养老金用L模型不是更合适？

NO.PZ202301040900001002 问题如下 (2) Recommena new investment approabasefor the Whatsit’s pension plthatis most likely to outperform the market. Justify your response anintifyone aantage anone saantage of this approach. Whatsit shouluse the enwment mol.Justification (either two of these is acceptable):Ÿ Long time horizonŸ High risk toleranceŸ Relatively small liquity neeŸ Stuart’s experienwith externmanagers to help with investmentAantage:Ÿ Ability to capture alpha anoutperform the market over a long-time horizon, this, high value-aepotential.saantages (either one of these is acceptable):Ÿ The enwment mol is costly because of high alternative exposure, active management anoutsourcing compareto a passive approach.fficult to implement if funhlarge asset size. 请问如果plan是unrfun情况下，可以用l模型么？谢谢

NO.PZ202301040900001002 问题如下 (2) Recommena new investment approabasefor the Whatsit’s pension plthatis most likely to outperform the market. Justify your response anintifyone aantage anone saantage of this approach. Whatsit shouluse the enwment mol.Justification (either two of these is acceptable):Ÿ Long time horizonŸ High risk toleranceŸ Relatively small liquity neeŸ Stuart’s experienwith externmanagers to help with investmentAantage:Ÿ Ability to capture alpha anoutperform the market over a long-time horizon, this, high value-aepotential.saantages (either one of these is acceptable):Ÿ The enwment mol is costly because of high alternative exposure, active management anoutsourcing compareto a passive approach.fficult to implement if funhlarge asset size. 老师，可否请您看一下我答案的分析，我看了答案还是没想明白为什么是enwment，我看了题干，觉得信息都在偏向L呀？The new approaaisemthe L mol. Because there is 5% legspenng neefor the benefit payments for the retireemployees, the firm inenee to invest in some of fixeincome securities in the reserve portfolio. Although the plis unrfunnow, the firm remains the market lear anha strong financisituation, allowing to contribute the plin time.Meanwhile, the company hires many young workers in orr to make the average age of the workforremain low, leang to a less mature pension plan. So there is low liquity nee anhigh risk tolerance. the recent clining sales, the firm shoulconsir making the growth of assets higher thgrowth of liabilities, so it is urgent to invest in alternatives or riskier securities in return seeking portfolio in pursuit of above-market returns.

NO.PZ202301040900001002 问题如下 (2) Recommena new investment approabasefor the Whatsit’s pension plthatis most likely to outperform the market. Justify your response anintifyone aantage anone saantage of this approach. Whatsit shouluse the enwment mol.Justification (either two of these is acceptable):Ÿ Long time horizonŸ High risk toleranceŸ Relatively small liquity neeŸ Stuart’s experienwith externmanagers to help with investmentAantage:Ÿ Ability to capture alpha anoutperform the market over a long-time horizon, this, high value-aepotential.saantages (either one of these is acceptable):Ÿ The enwment mol is costly because of high alternative exposure, active management anoutsourcing compareto a passive approach.fficult to implement if funhlarge asset size. 老师您好，我在这个题中选了L，看了以前的回答，是因为L不太会给出高回报所以才不选吗？以及一般来说跟Norway对比的一定是Enwment？