Answer TRUE or FALSE 1) Every investor is aiming for the largest possible portfolio return he/she can achieve over his investment horizon 2) Different investors have different risk appetite / risk aversion when it comes to investing capital for the long term 3) Investors and Portfolio Managers who act as investor fiduciaries need to be on the same page and agree on specific investment guidelines that govern the client-manager relationship 4) All Portfolio Managers are paid according to investment returns they achieve 5) Hedge Fund and Private Equity portfolio managers are paid according to the excess returns they generate and deliver