HEDGE FUNDS, Choose correct statements

I. are appropriate as a sole investment vehicle for an investor. II. should only be added to an already well-diversified portfolio. III. pose performance-evaluation issues due to nonlinear factor exposures. IV. have down-market betas that are typically larger than up-market betas. V. have symmetrical betas. Multiple Choice I only Il and v I, III, and IV O II, III, and IV O I, III, and V