Event-driven hedge fund strategies leave the:
　　A. unsystematic risk of individual positions unhedged, so that the individual positions have low correlations with each other.
　　B. unsystematic risk of individual positions unhedged, so that the individual positions have high correlations with each other.
　　C. systematic risk of individual positions unhedged, so that the individual positions have low correlations with each other.
　　D. systematic risk of individual positions unhedged, so that the individual positions have high correlations with each other.
　　Answer:A
　　Event-driven strategies are based on company specific events that will impact the values of securities. Risks unrelated to the events are hedged, leaving only unsystematic risk in the positions. Since the remaining risks are company specific, the individual positions should have low correlations with each other.