(solution) Which of the following is (are) true about hedge funds?I.

(solution) Which of the following is (are) true about hedge funds?I.

Which of the following is (are) true about hedge funds???I. They are open to institutional investors.?II. They are open to wealthy individuals.?III. They are more likely than mutual funds to pursue simple strategies. ? ?

I and II only

I and III only

II and III only

I, II, and III