QUESTIONS 109 THROUGH 114 RELATE TO ALTERNATIVE INVESTMENTS

113. - MOCK AND SAMPLE EXAMS CFA LEVEL I MOCK EXAM AFTERNOON 2012
MOCK AND SAMPLE EXAMS CFA LEVEL I MOCK EXAM AFTERNOON 2012
113. Do base management fees most likely get paid to the manager of a hedge fund regardless of the fund’s performance? A. Yes B. No, only when the fund’s gross return is positive C. No, only when the fund’s net asset value exceeds the previous high water mark