1. which of the following types of hedge fund strategies has the least exposure to credit risk?

A. Event driven.

B. Merger arbitrage.

C. Market neutral.

D. Fixed income arbitrage.

2. If you are hedge fund manager and expecting a bear market in the US and believe the market will drop over the next 12 months and experience a crisis similar to 2008-2009; then which hedge fund strategy would money during this period?

A. Global Macro

B. Short-selling

C. Market Neutral

D. Fund of Hedge Funds

3. Which of the following four hedge fund strategies would be most likely to include the other three strategies?

A. Merger arbitrage

B. Fixed income arbitrage

C. Relative value arbitrage (Pairs Trading)

D. Convertible arbitrage

4. Which types of securities do Regulation D hedge funds typically invest?

A. Private securities of companies in financial distress or in bankruptcy

B. Public securities of companies in financial distress or in bankruptcy

C. Private securities that are newly issued by public companies

D. Public securities that are newly issued by companies going public