Recon Ind

Hedge Funds are formed to serve as investment vehicles for ____ net worth individuals, institutions, trusts, etc., and they require a large initial minimum investment.

Which party to a hedge fund has the expertise to draft the Offering Memorandum and, Administration Agreement?

• Investor

• Administrator

• Legal Counsel

• Investment Manager

Short Selling: A hedge fund manager sells 8 securities short at $6 per share. The maximum loss which can arise from this trade is:

Select ONE of the following.

• $6

• $60

• Unlimited

The difference between a fund's GAV and NAV is:

Choose ONE of the following:

• Management Fee

• Brokers Fee

• Incentive Fee

• Directors Fee

Who are some of the Main Parties involved in a Hedge Funds?

Select all that applies.

• The Investment Manager

• The Investors

• Fund Accountant

• Administrator