SIE Exam Question 943: Answer and Explanation

Question: 943

A hedge fund is a __________ offered fund of securities for high-net worth investors. The hedge fund manager is generally paid a __________ fee.

  • A. privately, flat
  • B. privately, performance
  • C. publicly, flat
  • D. publicly, performance

Correct Answer: B

Explanation:

A hedge fund is a privately offered fund of securities for high-net worth investors. The hedge fund manager is generally paid a performance fee.

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