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NEW QUESTION: 1
Cynthia Farmington, CFA, manages the Lewis family's $600 million securities portfolio. Farmington and the Lewis family have agreed that they should hire a manager of alternative investments to manage a portion of the portfolio containing those assets. As part of the hiring process, they attempted to do the necessary due diligence. They assessed each manager's organization, the relative efficiency of the markets each manager has invested in, the character of each manager, and the service providers, such as lawyers, that each manager has used. In particular, they hoped to find a manager who has run an operation with low employee turnover, has invested in efficient and transparent markets, has sound character, and has utilized reputable providers of external services.
Eventually, Farmington hires the firm owned and managed by Bruce Carnegie, CFA, to diversify the Lewis portfolio into alternative investments. Carnegie will manage the portion of the portfolio containing these assets, and Farmington will continue to manage the remainder of the portfolio in a mix of approximately
50/50 high-grade stocks and bonds. Over the past ten years, the stock portion of the portfolio has closely tracked the S&P 500 and the bond portfolio has closely tracked a broad bond index.
Carnegie and Farmington meet to discuss how Carnegie should proceed. Farmington mentions that she and the Lewis family have agreed that the main goal of the alternative investments that Carnegie will manage should be to enhance the return of the overall portfolio. Diversification is only a secondary goal. In particular, Farmington says the Lewis family has expressed an interest in having the portfolio take positions in private equity. Farmington says that she envisions that Carnegie should take five positions of about 55 million each in distinct private equity investments, and each position should have about a 5-year horizon.
Farmington states that she has grown very dependent on benchmarks for her investing activities, and has concerns with respect to how she and Carnegie will monitor the success of the portfolio allocation in private equity. She has read that there can be a problem with the valuation of private equity indices in that they depend on price-revealing events like IPOs, mergers, and new financing. Thus, the repricing of the index occurs infrequently. Carnegie concludes that the solution is to follow the commonly accepted practice of creating their own private equity benchmark.
Farmington asks Carnegie to explain the choices that exist in the private equity market. Carnegie explains that there are two basic categories: venture capital funds and buyout funds. Farmington asks that Carnegie explain the pros and cons of one over the other. Carnegie states that buyout funds would probably have higher return potential, fewer losses, earlier cash flows, and less error in the measurement of the returns.
Carnegie comments that before he proceeds he will need to communicate with the clients. Farmington says this communication is not necessary because the Lewis family has largely followed her advice with very few questions. Even when the market has fallen and the portfolio has not done well, the Lewis family has not asked for any changes.
With respect to the issue of benchmarks, Farmington made an observation concerning the potential problem with benchmarks, and Carnegie offered a solution. With respect to their discussion, are Farmington and Carnegie correct or incorrect?
A. Only Carnegie is correct.
B. Only Farmington is correct.
C. Both are correct -OR- both are incorrect.
Answer: C
Explanation:
Explanation/Reference:
Explanation:
They were both correct. Ir is true that private equity benchmarks suffer from infrequent repricing. It is also true that many private equity investors create their own benchmarks. (Study Session 14, LOS 40.e)

NEW QUESTION: 2
AVxRail administrator has been informed by Dell EMC that an Internet software upgrade is available for their VxRail cluster The administrator logs into VxRail Manager VxRail Manager shows only the Local Upgrade option and not the Internet Upgrade option.
What is a possible reason?
A. VxRail Manager VM does not have Internet connectivity
B. The VxRail Manager user has insufficient privileges
C. Secure Remote Services has not been enabled
D. Workstation accessing VxRail Manager does not have Internet connectivity
Answer: D

NEW QUESTION: 3
You have a database that contains the tables shown in the exhibit. (Click the Exhibit button.)

You need to create a view named uv_CustomerFullName to meet the following requirements:
The code must NOT include object delimiters.
The view must be created in the Sales schema.
Columns must only be referenced by using one-part names.
The view must return the first name and the last name of all customers.
The view must prevent the underlying structure of the customer table from being changed.
The view must be able to resolve all referenced objects, regardless of the user's default schema.
Which code segment should you use?
To answer, type the correct code in the answer area.
A. CREATE VIEW Sales.uv_CustomerFullName with Schemabinding AS SELECT FirstName, LastName FROM Customers
B. CREATE VIEW Sales.uv_CustomerFullName AS SELECT FirstName, LastName FROM Customers
Answer: A
Explanation:
--Burgos -NO
CREATE VIEW Sales.uv_CustomerFullName with Schemabinding AS SELECT FirstName, LastName FROM Customers
--Derek
Previous
answer: CREATE
VIEW Sales.uv_CustomerFullName AS SELECT FirstName, LastName FROM Customers
Reference: http://msdn.microsoft.com/en-us/library/ms187956.aspx

NEW QUESTION: 4
Windows Server 2016 Datacenterを実行するHyper-VホストServerlがあります。 Serverlがアクティブになります。
サーバー1.では、Windows Server 2016 StandardのServer CoreインストールがあるVM1という名前の仮想マシンを展開します。
自動仮想マシンアクティベーション（AVMA）を使用してVMIをアクティブにする必要があります。
どのコマンドを実行する必要がありますか？ 答えるには、回答エリアで適切なオプションを選択します。
注：それぞれの正しい選択は1つの点で価値があります。

Answer:
Explanation:

Explanation
Set-VM
/unnatend:PID=