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CMFASPrepStudyingRES5
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Financial advisory
RES5Financial Advisory Services✓Hedge funds usually do not qualify as authorised or recognised retail schemes because they:
Because they use leverage, shorting, derivatives, illiquid holdings and lighter disclosure, hedge funds typically fail the retail authorised/recognised requirements and are offered under restricted arrangements.
Forgetting that the very features defining hedge funds are what disqualify them from retail authorisation.
Practise more M8 Hedge Funds & Alternative CIS questions
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