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- 2011-7-2
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- 2014-6-27
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Market Adjusted Implementation Shortfall
I've read Schweser and CFAI and just don't get the logic behind this one...
Vol 6 P 27 in CFAI
...so if the manager has an implementation shortfall cost of 87 bps and the stock was predicted to increase by 100 bps, does the -13 bps adjusted shortfall mean the manager actually added value?
exhausted. confused. thanks. |
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发表于 2011-7-13 16:08
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