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This quiz consists of 5 multiple choice and 5 short answer questions through Hedge Fund.

Multiple Choice Questions

1. What type of strategy did Long-Term employ?
(a) Moderate risk.
(b) Low risk.
(c) High risk.
(d) Whatever was dictated by the market.

2. Who became the temporary CEO of Meriwether's group when scandal hit?
(a) John Meriwether.
(b) Warren Buffet.
(c) Paul Mozer.
(d) J.F. Salomon.

3. Who gains from working with hedge funds?
(a) Impoverished countries.
(b) The government.
(c) Women.
(d) Managers.

4. Where did Meriwether work in 1979?
(a) Merrill Lynch.
(b) Long-Term.
(c) Salomon Brothers.
(d) Lehman.

5. What hedge fund caused a pound devaluation in Europe but made over a billion dollars?
(a) Endowment Fund.
(b) Millenium Fund.
(c) Quantum Fund.
(d) Treasury Fund.

Short Answer Questions

1. What group did Meriwether found in 1977?

2. Who typically invested in hedge funds?

3. How much did Long-Term plan to take from its profits?

4. During the time period in "Hedge Fund", how many people were millionaires due to the stock market?

5. Where was David W. Mullins working when Meriwether hired him?

(see the answer key)

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