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Hedge funds I ) are appropriate as a sole investment vehicle for an investor. II ) should only be added to an already well -
Hedge funds
I are appropriate as a sole investment vehicle for an investor.
II should only be added to an already welldiversified portfolio.
III pose performanceevaluation issues due to nonlinear factor exposures.
IV have downmarket betas that are typically larger than upmarket betas.
V have symmetrical betas.
II III, and IV
I only
I, III, and V
II and V
I, III, and IV
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