问题如下：
An effective risk management process used by alternative investment funds most likely includes:
选项：
A. in-house valuations.
B. internal custody of assets.
C. segregation of risk and investment process duties.
解释：
C is correct.
Investment risk should be monitored by a chief risk officer who is separated from the investment process. Risk factors monitored include leverage, sector, and individual position limits as well as counterparty risks. Independent (as opposed to in-house) valuation of underlying positions should be performed and reviewed on a regular basis. Third-party custody of assets can help reduce the chance of fraud.
在C选项中，风控相当于裁判员、投资相当于运动员，让不同的人承担，互相监督制约，能尽可能的降低风险，所以C正确；而A选项， 另类投资不像传统的投资产品有活跃的交易价格，所以选用外部第三方的评估会比自己内部评估更加客观， B选项，将资产托管在独立第三方，可以降低欺诈的风险。
B选项的中文含义能翻译一下吗？
