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Basic Question 1 of 11
Which ratio is the most popular measure to evaluate private equity investments? A. The Sortino ratio
B. IRR
C. The Calmar ratio
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I passed! I did not get a chance to tell you before the exam - but your site was excellent. I will definitely take it next year for Level II.

Tamara Schultz
Learning Outcome Statements
describe the performance appraisal of alternative investments
CFA® 2026 Level I Curriculum, Volume 5, Module 2.