A client is interested in investing in funds of hedge funds. All of the following...

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A client is interested in investing in funds of hedge funds. All of the following statements are TRUE of these funds EXCEPT Investing in funds of hedge funds allows unsophisticated investors to take advantage of securities that could help protect their assets in the event of a maricet downturn by buying funds of hedge funds, investors eliminate all the risks of investing in hedge funds O the initial purchase price is generally lower than purchasing shares of a single hedge fund would be Investors of hedge funds would have to redeem their shares with the mutual fund issuer QUESTION 36 Bearish strategies include Selling short 1 buying put options III. Selling uncovered call options IV. selling covered call options Lland Ill Il and IV I and IV I and IV

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