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- 2011-7-2
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2#
发表于 2011-7-13 17:17
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Bradleyz Wrote:
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> I don't understand what LOS CFAI EOC 11 and 12
> relate to or if we're expected to perform those
> calculations. The Sortino ratio wasn't even
> mentioned in the Schweser reading at that point.
Don't know what the LOS say exactly, but Sortino is the 'bread'n butter' of level III.
>
> Also, I don't understand CFAI EOC #26. What I
> remember from other questions was that alternative
> investments exhibit positive skewness and
> kurtosis. Why is the answer positive skewness and
> kurtosis?
>
Not sure what you mean by the other questions' answer, but positive skewness and low kurtosis lead to lower distribution on the left side, so what is wrong with that?
> Another difficulty that I have with this reading
> is trying to remember what goes into the biases
> for the different benchmarks and their
> construction. How are we supposed to keep track
> of them?
You need to know what the benchmarks are (the most popular), what the strengths and most importantly their weaknesses, compare them against each other. |
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