Free Questions › CFA › Alternative Investments

Free CFA Alternative Investments Practice Questions & Answers

550 exam-style Alternative Investments questions. Pick your answer, hit Check answer, and see the worked solution — free to start, no signup.

100% free · No login to start

Question 91

A fund with high correlation to credit spreads is exposed to:

Select an option first.

Question 92

A fund with positive exposure to the USD benefits when:

Select an option first.

Question 93

A fund with high correlation to VIX likely has exposure to:

Select an option first.

Question 94

A fund with beta of 0.8 and crisis beta of 1.5 indicates:

Select an option first.

Question 95

A fund has: - Normal beta: 0.6 - Crisis beta: 1.2 How much higher is crisis beta?

Select an option first.

Get the full CFA question bank — free

Drop your email and we'll send you fresh CFA practice questions, fully worked solutions and exam-deadline reminders. No spam — unsubscribe in one click.

Want to save your score and take a full mock exam? Create a free account →

Question 96

A fund’s leverage = 3×. Market moves –5%. If the fund is fully exposed, expected impact = ?

Select an option first.

Question 97

A fund has: - Normal beta = 0.4 - Crisis beta = 1.0 Percentage increase = ?

Select an option first.

Question 98

A hedge fund with high credit exposure is most sensitive to:

Select an option first.

Question 99

Liquidity risk increases when:

Select an option first.

Question 100

Leverage risk refers to:

Select an option first.

Question 101

A fund with high exposure to credit spreads is most sensitive to:

Select an option first.

Question 102

A fund with high exposure to interest rate risk is most affected by:

Select an option first.

Question 103

A fund has: - Leverage = 4× - Underlying asset drops 3% Loss = ?

Select an option first.

Question 104

A high payout ratio in a REIT (e.g., most cash flow paid as dividends) typically implies:

Select an option first.

Question 105

A typical long/short equity hedge fund aims to:

Select an option first.

Question 106

An equity market neutral strategy primarily seeks to:

Select an option first.

Question 107

A multi-strategy hedge fund is best described as:

Select an option first.

Question 108

A fund-of-hedge-funds structure primarily offers:

Select an option first.

Question 109

A long/short equity fund typically aims to:

Select an option first.

Question 110

A market‑neutral equity strategy attempts to:

Select an option first.

Question 111

A distressed debt hedge fund typically invests in:

Select an option first.

Question 112

A key risk in distressed investing is:

Select an option first.

Question 113

Fixed‑income arbitrage typically involves:

Select an option first.

Question 114

Convertible bond arbitrage typically involves:

Select an option first.

Question 115

Managed futures funds typically use:

Select an option first.

Question 116

A multi‑strategy hedge fund:

Select an option first.

Question 117

A key disadvantage of fund‑of‑funds is:

Select an option first.

Question 118

A long volatility strategy benefits from:

Select an option first.

Question 119

A short volatility strategy is most exposed to:

Select an option first.

Question 120

A hedge fund with monthly liquidity likely holds:

Select an option first.

Before you go, can we ask you one thing?

Thank you

Free CFA Alternative Investments Practice Questions & Answers

Privacy Preference

Before you go, can we ask you one thing?

Thank you