Which statement is FALSE?

A. An investor of fund investing does not need to conduct due diligence, as the fund may provide due diligence expertise when it comes to choosing investments.
B. If an investor co-invest some capital into an investment in a fund, no management fee is required.
C. In fund investing, the investor is likely a limited partner.

Correct Answer: A

A is false. The investor still needs to conduct thorough due diligence when selecting the right fund in the first place.

B is true. That's one of the advantages co-investing offers: less fees. C is also true.