Q1: Investors should use portfolios in order to:

a.Increase return

b.Monitor risk

c.Reduce unsystematic risk

d.Eliminate all kinds of risk

e.Reduce systematic risk but increase unsystematic risk

Q2: Which of the following is NOT a hedge fund strategy?

a.Emerging Markets

b.Convertible Arbitrage

c.Equity Market Long

d.Event Driven

e.Global Macro