单选题 The infrequent trading of some assets that hedge funds invest in most likely results in hedge fund: A. risk being understated. B. returns being understated. C. correlations with other assets being overstated.
【正确答案】 A
【答案解析】[分析] 不经常交易资产的存在将使对冲基金风险的度量基于持有资产的公允价值，而不是市场价值，从而导致基金的风险被低估。 [考点] 对冲基金的投资业绩与“存续性误导”