标题: [求助]请高手不吝赐教！ [打印本页]
作者: sunnyboy03 时间: 2007-7-15 20:50 标题: [求助]请高手不吝赐教！
cfa level1 请高手不吝赐教！谢了！
Over the past two days, Lorraine Quigley, cfa, manager of a hedge fund, has been purchasing large quantities of craeger industrial products ‘common stock while at the same time shorting put options on the same stock.. Quigley did not notify her clients of the trades although they are aware of the fund’s general strategy to generate returns. Which of the following statements is TRUE? Quigley:
A. did not violate the code and standards
B. violated the code and standards by manipulating the prices of publicly traded securities.
C. Violated the code and standards by failing to disclose the transactions to clients before they occurred.
D. Violate the code and standards by failing to establish a reasonable and adequate basis before making the trades.
作者: fanclutch 时间: 2007-7-20 14:27
A
作者: sunnyboy03 时间: 2007-7-20 23:31
The correct answer is A, got it. thks!
作者: masterer 时间: 2007-8-2 16:22
07的题吧，我开始也不理解为什么不违反，认为应该违反了公开信息的原则，现在看了答案的解释，个人理解是因为strategy里面应该有相关option的信息提供吧？
不知道这么理解是不是对的，请明白的同学，给点指点，谢谢
作者: chenty 时间: 2007-8-4 02:11
我个人的理解：
Quigley did not notify her clients of the trades although they are aware of the fund’s general strategy to generate returns.这句话是关键。
Quigley只是按照hedge fund的strategy来操作，而他的客户是了解的，因此只要Quigley把所有的操作都作好documentation，并不需要每次都通知他的客户。因此Quigley did not voilate code and standards。
不知道我的理解是否正确。
作者: 路西菲尔 时间: 2007-9-28 13:24
A
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