NO.PZ202301040900000901
问题如下：
(1) Identify the new investment approach proposed by Zang for managing the Fund. Justify your response.
选项：
解释：
Endowment model : 1.The approach is an active management approach;2. The approach allocate more alternatives and decrease the traditional securities. He proposes substantially decrease the allocation to publicly traded equities and fixed income in order to pursue a higher allocation to private investments. 3.The new investments will be outsourced. the endowment model is outsourcing.