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CFA Level 1 - Portfolio Management - Performance Evaluation
Intermediate
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Which of the following is a key advantage of hedge funds over traditional investment vehicles?
a.
Hedge funds are required to disclose their investment strategies and holdings to the public on a regular basis
b.
Hedge funds have more flexibility in their investment strategies and can employ leverage and short selling
c.
Hedge funds typically charge lower management and performance fees compared to traditional investment vehicles
Intermediate