CFA Practice Question

There are 361 practice questions for this study session.

CFA Practice Question

The Private Equity provisions apply to all of the following except for ______.

I. buy-out investing
II. evergreen funds
III. fund-of-funds investing
IV. secondary investing
Correct Answer: II

User Contributed Comments 6

User Comment
wuyi Secondary investing: the purchase of pre-existing limited partnership interests and direct private equity investments. The market develops as a result of investors, who for external reasons, were forced to seek an early exit for their private equity holdings at a discount to fair market value.
viannie Private Equity provisions do not apply for open-end funds and Evergreen funds. For these two types of funds, general GIPS standards applies.

ChrisHam NOT APPLICABLE FOR 1.OPEN END 2.EVERGREEN.
shiva5555 What is an evergreen fund?
geofin (Evergreen fund) A fund in which returns generated on investments are automatically returned to the general pool, with the aim of keeping a continuous supply of capital on hand for investments.

www.austinfund.com/faqs.glossary.html
johntan1979 Evergreen = always green = always have greenbacks at hand for investment
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