CAIA Level I Practice Questions - CAIA Level I - Chartered Alternative Investment Analyst Exam

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A portfolio manager at a hedge fund receives a gift valued at $5,000 from a broker-dealer that executes trades for the fund. According to CAIA ethical standards, the manager should:

Accept the gift as it benefits the fund Decline the gift as it may create a conflict of interest Accept the gift but only disclose it if asked by investors Distribute the gift value among all fund employees

Correct Answer:

Decline the gift as it may create a conflict of interest

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