Assume that you have invested $500,000 to purchase shares in a hedge fund reporting $800 million in assets, $100 million in liabilities, and 70 million shares outstanding. Your initial lockout period is 3 years.
-Which of the following are not managed investment companies?

Question

Quizplus · Accepted Answer

Hedge funds, closed-end funds, and open-end funds are all examples of managed investment companies. However, unit investment trusts are not managed. They are essentially portfolios of fixed-income securities or other investments that are assembled and held by a trustee until the trust terminates.

Assume That You Have Invested $500,000 to Purchase Shares in a Hedge