(6) A study finds serial correlation in hedge fund returns. What is the significance of this result? Hedge funds may have long lock-up periods. What is the purpose of these? (7) Recently, Chevron made a bid for Anadarko Petroleum for $33 billion. However Oceidental Petroleum has made a counter offer for $38 billion. How might a hedge fund profit from this situation? Provide a rational for your answer. What is the name of this type of strategy? (8) What was LTCM's strategy involving the 29 year Treasury bond and the 30-year Treasury bond? How was this strategy expected to profit? (6) A study finds serial correlation in hedge fund returns. What is the significance of this result? Hedge funds may have long lock-up periods. What is the purpose of these? (7) Recently, Chevron made a bid for Anadarko Petroleum for $33 billion. However Oceidental Petroleum has made a counter offer for $38 billion. How might a hedge fund profit from this situation? Provide a rational for your answer. What is the name of this type of strategy? (8) What was LTCM's strategy involving the 29 year Treasury bond and the 30-year Treasury bond? How was this strategy expected to profit