WarrenB1

1.Know how an active portfolio is built. i.e. based on alpha and unsystematic error tradeoff.
2. Know what Information ratio is and how to calculate on an active portfolio.
3. Intercept and slope of a CAL built with Active and market portfolio.
4. How to discount alphas estimated by an analyst based on the ex-post variance of their past analysis.
5. The methodology of T-B .