View a FREE sample

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

Multiple Choice Questions

1. What unusual event happened when Meriwether began working with Treasury futures?
(a) The price rose.
(b) He lost millions.
(c) The U.S. government collapsed.
(d) The price fell.

2. Who helped Meriwether raise money for Long-Term?
(a) No one.
(b) Salomon Brothers.
(c) Merrill Lynch.
(d) Warren Buffet.

3. Who typically invested in hedge funds?
(a) The Federal Reserve.
(b) Foreign banks.
(c) The general population.
(d) A club of exclusive investors.

4. How long did Long-Term expect their investors to commit?
(a) 6 months.
(b) 1 year.
(c) 3 years.
(d) 3 months.

5. How much did Long-Term plan to take from its profits?
(a) 15%.
(b) 30%.
(c) 25%.
(d) 10%.

Short Answer Questions

1. Where was Robert C. Merton working when Meriwether hired him?

2. What affected bond trading in the 1970's?

3. Meriwether was threatened with what, if his Treasury bill deal did not pan out?

4. When Meriwether increased his position in Treasury futures, what did he expect the market to do?

5. Who gains from working with hedge funds?

(see the answer key)

This section contains 178 words (approx. 1 page at 300 words per page) View a FREE sample