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Basic Question 1 of 11
Which ratio is the most popular measure to evaluate private equity investments? A. The Sortino ratio
B. IRR
C. The Calmar ratio
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I am happy to say that I passed! Your study notes certainly helped prepare me for what was the most difficult exam I had ever taken.

Andrea Schildbach
Learning Outcome Statements
describe the performance appraisal of alternative investments
CFA® 2025 Level I Curriculum, Volume 5, Module 2.