Examen 2. Etapa 1 Alternative Investments

If a hedge fund imposes a gate, it is temporarily limiting:

Which of the following consists of a private equity firm introducing leverage into its portfolio company and paying itself a dividend from the new capital structure?

In fintech applications, the instantaneous transfer of collateral in the event of default is an example of:

Without a clawback provision, which is more advantageous for the general partner of a private equity fund?

Which of the following statements about fee structures in alternatives is most accurate?

Which of the following statements about limited partnerships is most accurate?

Debtor-in-possession (DIP) financing refers to financing for companies:

Which of the following strategies do private equity funds most likely use?

Which is most accurate? Venture debt is private debt financing extended to:

In addition to investing in core real estate, a real estate fund following a core-plus strategy most likely invests in properties with:

Which of the following is considered an economic infrastructure asset?

All else equal, which portfolio should have the lowest risk profile? One composed of:

When the forward price of a commodity exceeds the spot price, the market is most likely in:

All else equal, the price of a commodity future most likely decreases with:

Which of the following statements is most accurate? Hedge funds:

A strategy that seeks to profit by investing in companies likely to be acquired is best described as a:

The value of bitcoin is most likely based on:

The MOIC (multiple of invested capital) metric takes into account:

A hedge fund has $80 million of AUM at the beginning of the period. Management fee is 2% (on year-end AUM) and incentive fee is 20%, calculated independently. If it generates a gross return of 25%, the AUM net of fees at the end of the period is closest to:

An investor places $10 million at the beginning of the year in a hedge fund with a 2% management fee, a 20% incentive fee, and a 6% hard hurdle. At year-end the value of the investment is $11.8 million. The incentive is calculated net of the management fee, and the management fee is based on the year-end value. The investor’s return net of fees is closest to: