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Reason must be explained Camille, a recent GBS MBA graduate specializes in alternative investments at Alternative Asset Management (AAM), a rapidly expanding asset management firm
Reason must be explained
Camille, a recent GBS MBA graduate specializes in alternative investments at Alternative Asset Management (AAM), a rapidly expanding asset management firm based in downtown Geneva City. She has been asked by another portfolio manager at the firm for assistance in selecting one or two alternative asset classes to add to an existing foundation portfolio. The portfolio has a traditional 70/30 Stock/bond allocation. Camille questions the manager further and then summarizes the key points from their discussions: 3.2 Liquidity is important in this foundation because we are often called upon to liquidate assets to fund unpredictable "one time distributions." We have had to do this several times. Then, we eventually receive contributions that build up portfolio value again, though that can be years later. 3.2 Regarding key point 2, which of the following asset classes is most likely to provide appropriate liquidity for the portfolio? (5% Marks) A. REITs. B. Distressed debt. C. Hedge fundsStep by Step Solution
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