$24.$ Liquid alternatives $($liquid Alts$)$ are managed products that aim to bridge the gap between the risk exposures that hedge funds. Mutual funds, and ETFx provide. Which of the below statements correctly describes how liquid alternatives are different from hedge funds and mutual funds?

a$.$ Liquid Alts typically have an even more restrictive and specific trading window than hedge funds

b$.$ Liquid Alts have more access to leverage which increases its risk reward profile for investors

c$.$ Liquid alts are a bit more user friendly because they can be traded daily rather than only during specific trading windows, like most hedge funds

d$.$ Both A and B