QUESTIONS 109 THROUGH 114 RELATE TO ALTERNATIVE INVESTMENTS

109. - MOCK AND SAMPLE EXAMS CFA LEVEL I MOCK EXAM AFTERNOON 2012
MOCK AND SAMPLE EXAMS CFA LEVEL I MOCK EXAM AFTERNOON 2012
109. Which of the following least likely describes an advantage of investing in hedge funds through a fund of funds? A fund of funds may provide investors with: A. lower fees due to economies of scale. B. access to funds that are closed to new investors. C. access to managers with expertise in finding reliable and good-quality hedge funds.