5. Umi Grabbo, CFA, is a highly regarded portfolio manager for Atlantic Advisors (AA), a mid-sized mutual fund firm investing in domestic securities. She has watched the hedge fund boom and on numerous occasions suggested her firm create such a fund. Senior management has refused to commit resources to the area. Attracted by potential higher fees associated with hedge funds, Grabbo and several other employees organize a hedge fund to invest in international securities. Grabbo is careful to work on the fund development only on her own time. Because AA management thinks hedge funds are a fad, she does not inform her supervisor about the hedge fund creation. According to the Standards of Practice Handbook, Grabbo should most likely address which of the Standards immediately?
A. Disclosure of Conflicts.
B. Priority of Transactions.
C. Additional Compensation Arrangements.
答案是A。
我想问既然是"on her own time",为什么会有"conflicts of interests"呢，为什么不能选C呢，谢谢。作者: sy8111 时间: 2013-9-11 19:16
首先，C是无关选项。这里说的是conflicts或者appearance of conflicts of interests. 因为虽然她是自己的时间干自己的事，但是同样是financial business而且明显和她的AA基金的理念相冲突，而且即便没有冲突，自己的基金很可能因为失败影响个人财务状况，给工作造成压力，比如情绪受影响，造假获利来弥补个人财务损失等等。任何可能的或者仅仅是表面上的潜在冲突都必须及时报告。作者: apf_薛老师 时间: 2013-11-14 08:08
在conflict of interest里面，也会考虑到她I经营对冲基金可能会lead to bias in favor of 某一种 security, 可能会 move the market in favor of her personal holdings simply by recommending their purchase for client accounts or for a mutual fund he or she is managing.
