Are principal-protected notes (PPN) equity or debt? 

2. What are the three entities involved in bringing PPNs to the market? What are their roles? 

3. What are the common explicit costs attached to PPNs? 

4. What are the major risks associated with PPNs?

5. What do you need to know before investing in PPNs? 

Hedge funds: 

1. What is a hedge fund? 

2. How hedge funds are similar to mutual funds? 

3. What are the main differences between mutual funds and hedge funds? 

4. For whom are hedge funds suitable? 

5. What is a relative value hedge fund strategy? 

6. What is an event-driven hedge fund strategy? Give an example. 

7. What is a directional hedge fund strategy? 

8. How hedge fund feeds are calculated? Do hedge funds have management fee? 

9. What is a high water mark? 

10. What is a hurdle rate? 

11. What are some of the major advantages of hedge funds? 

12. What hedge funds are riskier than traditional mutual funds? 

13. What things you need to consider before investing in a hedge fund?