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Basic Question 9 of 11
What is the most significant factor causing hedge funds to make either larger than normal returns or significant losses?
B. leverage.
C. lack of regulation.
A. Hefty incentive fees (e.g., 20%).
B. leverage.
C. lack of regulation.
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I am happy to say that I passed! Your study notes certainly helped prepare me for what was the most difficult exam I had ever taken.
Andrea Schildbach
Learning Outcome Statements
describe the performance appraisal of alternative investments
CFA® 2025 Level I Curriculum, Volume 5, Module 2.