CFA Practice Question

There are 139 practice questions for this study session.

CFA Practice Question

Which category of hedge fund strategies emphasizes a bottom-up approach?
A. Event-driven strategies
B. Relative value strategies
C. Macro strategies
Explanation: Event-driven funds seek to make profitable investments by investing in a timely manner in securities that are presently affected by particular events.

User Contributed Comments 5

User Comment
DaniD13 How is that bottom up?
cbeckett It relates to corporate actions
Shortseller how is a relative value fund not bottom up? Don't they do fundamental adjustments to determine relative value?
charliedba because relative value strategies use both bottom up and top down strategies.
Inaganti6 @charlied ba: thanks for that.
You need to log in first to add your comment.