标题: Reading 34: Alternative Investments Portfolio Management－ [打印本页]
作者: tycoon 时间: 2008-9-16 11:36
In the special issues that alternative investments raise for investment advisors of private wealth clients, decision risk is associated with:
| A) | making hiring and firing decisions and general employee turnover of the investment firm. |
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| B) | communicating with the clients. |
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C) | changing a strategy at the time the portfolio has incurred a large loss. |
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| D) | assessing the investment opportunity. |
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Answer and Explanation
Decision risk is the risk of irrationally changing a strategy.
作者: tycoon 时间: 2008-9-16 11:36 标题: [2008] Session 11－Reading 34: Alternative Investments Portfolio Management－
CFA Institute Area 8-11, 13: Asset Valuation
Session 11: Alternative Investments for Portfolio Management
Reading 34: Alternative Investments Portfolio Management
LOS c: Explain the special issues that alternative investments raise for investment advisers of private wealth clients.
作者: tycoon 时间: 2008-9-16 11:37
In the special issues that alternative investments raise for investment advisors of private wealth clients, with respect to tax issues and suitability:
| A) | tax issues are a special issue to consider but suitability is not. |
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B) | both are explicitly special issues to consider. |
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| C) | suitability is a special issue to consider but tax issues are not. |
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| D) | neither tax issues nor suitability are special issues to consider. |
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Answer and Explanation
Special issues that advisors for private-wealth clients should address are tax issues, determining suitability, communicating with the client, decision risk, and determining if they have a large position in a closely-held company.
作者: tycoon 时间: 2008-9-16 11:37
Bernice Clark, CFA, is analyzing the portfolio of a private wealth client. In the process, Clark wants to address special issues that alternative investments raise for her client. The special issues would:
| A) | include measuring the ownership in the clients corporate bond portfolio and the clients ownership in closely held companies. |
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B) | not include measuring the ownership in the clients corporate bond portfolio but would include measuring the clients ownership in closely held companies. |
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| C) | not include measuring the ownership in the clients corporate bond portfolio and not include measuring the clients ownership in closely held companies. |
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| D) | include measuring the ownership in the clients corporate bond portfolio but would not include measurement the clients ownership in closely held companies. |
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Answer and Explanation
Special issues that advisors for private-wealth clients should address are tax issues, determining suitability, communicating with the client, decision risk, and determining if they have a large position in a closely-held company. Measuring the ownership in corporate bonds is not a special issue.
[此贴子已经被作者于2008-9-18 17:14:16编辑过]
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