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Basic Question 10 of 11

Some hedge funds have two NAVs. Which NAV incorporates liquidity discounts?

A. reporting NAV.
B. net NAV.
C. trading NAV.
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User Contributed Comments 2

User Comment
Inaganti6 How do they arrive at a consensus of what the liquidity discount should be ?
khalifa92 bid:ask spread ?
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Your review questions and global ranking system were so helpful.
Lina

Lina

Learning Outcome Statements

describe the performance appraisal of alternative investments

CFA® 2024 Level I Curriculum, Volume 5, Module 2.