Which of the following statements is true about hedge funds? PM $2-9$

Which of the following statements is true about hedge funds?

I. Investors in hedge funds are primarily exposed market risk.

II$.$ Hedge funds require a substantial minimum investment.

III. Hedge fund are more likely to use derivatives than mutual funds.

I and III

II and III.

I and II

I. Investors in hedge funds are primarily exposed market risk.

II$.$ Hedge funds require a substantial minimum investment.

III. Hedge fund are more likely to use derivatives than mutual funds.

Group of answer choices

I and III

II and III.

I and II