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Basic Question 12 of 15
Differences between hedge funds and mutual funds are:
II. investors can buy shares of hedge funds in the open market.
III. a typical hedge fund transaction gives consideration to the specific tax needs of its investors.
IV. the minimum required investment is much higher for a hedge fund than that for a mutual fund.
I. most hedge funds are exempt from many reporting requirements for the typical public investment company.
II. investors can buy shares of hedge funds in the open market.
III. a typical hedge fund transaction gives consideration to the specific tax needs of its investors.
IV. the minimum required investment is much higher for a hedge fund than that for a mutual fund.
User Contributed Comments 4
| User | Comment |
|---|---|
| johntan1979 | III FACT: Hedge funds don't give a damn about your taxes. |
| johntan1979 | UPDATE on IV: Most hedge funds nowadays require a minimum of $1 million |
| abeeman924 | V. Most of them have shitty performance |
| 10425406 | Some of them have great performance |
I used your notes and passed ... highly recommended!
Lauren
Learning Outcome Statements
describe mutual funds and compare them with other pooled investment products
CFA® 2024 Level I Curriculum, Volume 6, Module 3.