Q$4.$ Portfolio Proposal: The final email is from your mentee, a junior PM in your shop. He is constructing his first set of portfolio guidelines for a $$200$mn sub$-$portfolio and he$$d like to get your advice on the following phrases he$$s put into the memo to the investment committee $($i$.$e$.$ do you agree or disagree with them, and if you disagree, how would you change them$)$: $$ A$.$The equity Portion of the portfolio should be focused on firms with high shareholder$$s equity, as having a lot of assets is fundamentally valuable for a company$.$ B$.$It$$s ok to use modest amounts of leverage, as this portfolio contains only linear instruments. Therefore, leverage increases aggregate risk linearly with the amount of leverage $($i$.$e$.$ a leverage $1\mathrm{.}5$x increases risk by $1\mathrm{.}5$x$).$ C$.$The fixed income portion of the portfolio will not have any coupon biases, as it is yield to maturity that fundamentally determines a positions$$ expected return.$$ D$.$The portfolio will invest in yielding real estate assets like rental properties and raw land which can be readily valued using equity$-$like methods.$$ E$.$The private equity portion of the portfolio should be marked to market in some reasonable way, such as by assuming a beta of $1\mathrm{.}4$x to the S&P $500.$ F$.$Because the portfolio composition is both flexible and fluid, at the end of every year, we should evaluate what the portfolio actually looked like over the year, pick a benchmark that closely tracks that composition, and use that to evaluate performance.$$

if disagree, correct the sentences. I want help from a PM perhaps.