标题: Exam 3 in book1 schweser [打印本页] 作者: Zesty 时间: 2011-7-11 19:10 标题: Exam 3 in book1 schweser
Anyone else think the morning session was really weird? Some questions were ambiguous on what they wanted. I did well, but again just seemed off.作者: skycfa 时间: 2011-7-11 19:10
I took it, but haven't reviewed it yet.
Which questions were ambiguous?
NO EXCUSES作者: mcmc 时间: 2011-7-11 19:10
studynomore Wrote:
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> I didnt get to exam 3 yet but will let you know
> when i get there. However, I find the schweser
> exam 1 difficult, how did you do on it?
65 in the afternoon, 60 in the morning. Definitely room for improvement there.
NO EXCUSES作者: pennyless 时间: 2011-7-11 19:10
montanidate Wrote:
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> Was Question 7 the "Describe the Port. Manager's
> Two principal Responsibilities" . . . .and other
> various "lists" for other parts of the question?
It had that, role of SAA, and comparing individual and institutional investors, pension plan risk, and institutional constraints.
A and B were pretty straightforward, C was pretty tricky. I put in a general statement along the lines of: "The asset allocation ensures the return requirement is being met according to the risk tolerance stated in the IPS." For D, I stated the main difference was the legal requirements most institutions face, while individuals generally don't have any. The guideline answer was more in the context of what their investment goals are. E was a throw away for me, I put down the following:
Responsibilities:
-Allocate assets in order to produce the required return.
-Not take excessive risk.
Factors
-Financial circumstances
-Tax laws
