单选题 Hedge funds that contain infrequently traded assets would most likely exhibit a downward bias with respect to: A. measured risk but not correlations with conventional equity investments. B. correlations with conventional equity investments but not measured risk. C. both measure risk and correlations with conventional equity investments.
【正确答案】 C
【答案解析】[分析] 不经常交易资产的存在将导致资产的价格变化较为平缓,从而使资产的度量风险和与传统的股票投资的相关性均产生向下的误导。 [考点] 对冲基金的投资业绩与“存续性误导”