Sadka (2010) shows that exposure to unexpected declines in ________ is an important determinant of average hedge fund returns, and that the spreads in average returns across funds with the highest and lowest ________ may be as much as 6% annually.
A. market risk; systematic risk
B. market liquidity; liquidity risk
C. unsystematic risk; unique risk
D. default risk; default risk
B. market liquidity; liquidity risk
Sadka (2010) shows that exposure to unexpected declines in market liquidity is an important determinant of average hedge fund returns and that the spreads in average returns across funds with the highest and lowest liquidity risk may be as much as 6% annually.
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Indicate whether the statement is true or false
Alex, Brad, and Carl are partners. The profit sharing rule between them is 4:3:2 in alphabetical order. The partnership incurs a net loss of $120,000. The journal entry to close Income Summary will include a ________. (Do not round any intermediate calculations.)
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Which of the following is LEAST likely to have a very large number of possible customers?
a. banks on busy streets b. movie theaters c. theme parks d. the number of patients assigned to a nurse in the gynecology ward of a hospital
Leven Clinic uses client-visits as its measure of activity. During September, the clinic budgeted for 3,000 client-visits, but its actual level of activity was 3,050 client-visits. The clinic has provided the following data concerning the formulas to be used in its budgeting for September: Fixed element per monthVariable element per client-visitRevenue - $31.00 Personnel expenses$23,900 $10.70Medical supplies 1,400 3.90Occupancy expenses 5,700 1.10Administrative expenses 5,100 0.10Total expenses$36,100 $15.80?The net operating income in the planning budget for September would be closest to:
A. $7,259 B. $10,260 C. $7,503 D. $9,500