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Business, 08.05.2021 03:40 CatelynBGray

Hedge funds report average returns in December that are higher than their average returns in other months. This phenomenon . I. is called the Santa effect II. often results from over generous valuation of illiquid assets III. appears stronger for lower-liquidity funds IV. can be explained by managers' attempts to inflate assets to collect higher performance bonuses Group of answer choices g

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