2. (10 points) You are a Portfolio Manager and you are about to accept the last 2 investors into your portfolio (fund) before you close the fund to new investors. You are looking at the investor interest and you are about to interview 2 investors from the following 4 candidates. One of your goals in the interview is to assess investors Risk Appetite or Risk Tolerance or Risk Aversion Factor A - process known as KYC. Provide a minimum of 3 questions/answers per investor that will allow you to assess this investor's A level. Select 2 out the 4 investors below. You can choose between a) An Ultra High Net Worth (UHNW) Individual who is heading a FAMILY OFFICE b) An Insurance Company that invests in order to meet its contractual responsibilities towards insureds/policy owners c) A Bank that invests the deposits of its clients d) An aspiring Private Equity (PE) Fund with a solid 5 years record of investments for UHNW investors. The PE Fund is aspiring to attract institutional client money (i.e. Pension Funds, Endownments, Insurance and Mutual Funds) and become a recognized marquee name in Investment Management.

3. (5 points) For each of the 2 investors you interviewed in Question 3, build a portfolio by allocating a percentage of this investor's capital (i.e. 10% in Cash, 25% in Real Estate, etc). Select asset classes from the below list and justify your allocation (needs to add to 100%) for each of the 2 investors. Your client portfolio should have an allocation to: a) Bonds (Government, Corporate, Municipals) b) Stocks (Single names, Indices and ETFs) c) Commodities (Metals of all types, Grains and food, Oil, Gas, Coal) d) Real Assets (i.e Infrastructure Projects such as Ports, Bridges, Farm Land, Timber, Art Collections, Intellectual Property-Royalties, Pattents, Jewelry, etc) e) Real Estate (Commercial, Residential) f) Cryptocurrencies and Coins g) Alternative Investments (Hedge Funds, Venture Investments in Startups, Private Equity Funds of all investment strategies) h) Cash and cash equivalents