1 a). List the three primary elements that differentiate a hedge fund from other investment pools.

B). What is the primary difference between a fund of funds and a multi-strategy fund?

c). Distinguish discretionary fund trading from systematic fund trading.

e). Describe the strategy of a global macro fund.

f). List the three primary categories of single-strategy event-driven hedge funds

g). Why are event-driven hedge funds often characterized as selling insurance?

h). Describe the positions utilized in a classic convertible bond arbitrage trade

I). What is the primary term for financial arrangements that protect an investors portfolio from tail risk?

J). Describe the double layer of fees in funds of funds.

K). Why might the operational risks of a multi-strategy fund differ substantially from the operational risks of a fund of funds