IS COMMENT 2 BY THE INVESTMENT COMMITTEE ACCURATE

44. - CFA 2018 EXAM LEVEL 3 DA4387 LEVEL III CFA MOCK EXAM 2018 AFTERNOON A
CFA 2018 EXAM LEVEL 3 DA4387 LEVEL III CFA MOCK EXAM 2018 AFTERNOON A

44. Is comment 2 by the investment committee accurate?

A. Yes.

B. No, since the minimum commitment levels of fund of funds are likely to be just as high as

the minimum commitment levels of individual private equity funds.

C. No, since fees of fund of fund structures are usually lower than that of fees for individual

private equity funds.