After a thorough internal review, Zang concludes that the current investment approach will result in a deterioration of the purchasing power of the Fund over time. He proposes a new, active management approach that will substantially decrease the allocation to publicly traded equities and fixed income in order to pursue a higher allocation to private investments. The management of the new investments will be outsourced.

Identify the new investment approach proposed by Zang for managing the Fund.

Justify your response.

Identify the new investment approach proposed by Zang for managing the Fund. (circle one)

解析：