GIPS section
Going through the standards, and the list of GIPS required disclosures 4.A.1 thru 4.A.35 is unreasonably long. How is everyone preparing for this? Given the relatively low weighting of GIPS (5%), is...
View ArticleVAR- monthly from annual
CFAI Volume 5 Risk management EOC Question 19: Annual return, annual sd is given and the question asks for monthly VAR. The correct answer is arrived after converting the annual return and annual sd to...
View ArticleTYPE 1 and TYPE 2 ERROR (Crticial thinking on lower bound) UnderPerformance
Hi guys,Trying to check on the folloiwng understandingType 1 error occurs because you set your confidence level too low which means your confidence band is too low(Based on Page 177 Diagram 17)This...
View ArticleCan you use just PENCIL for essays? Or not reccommended
I mean, what if there is not enough room to ‘cross’ out pen marks?
View ArticlePlans until test?
Whats everyone up to these days in terms of their plans for the next couple weeks?I plan on doing test like conditions (3 hrs morning 3 hrs afternoon) for the next 3 saturdays using the 2011,12, and 13...
View ArticleCollateral yield
Post initial margin equal to value underlying futures contract and earn a return on this collateral ie t bills.Q1) if future price falls and have to post variation margin I presume additional return is...
View ArticleCore satellite approach
Sch book 3 LOS23r, pg 149All,Can anyone please confirm if Core include Passive and semi active investments (irrespective of the outcome of semiactive strategy)?Thank you
View ArticleSwaps o nthe exam
Hate to see this topic again on L3, what to expect on the exam for swaps?
View ArticleSchweser errata
Hi, can someone send me a copy of the errata or link to it?I can’t find anywhere online! Thanks, and good luck to allice37@aol.com
View Articleinconsistent = NO violation???
Guys, I’m confused.Question 4 of CFAI 2013 PM Mock exam asks for the member’s action that is “inconsistent” with the CFAI Standards of Professional Conduct, but then the answer key points to the...
View ArticleInception date vs. Creation date in GIPS
Being not a native speaker, could someone explain the difference between inception and creation dates?“Composite Creation Date Firms must disclose the creation date of the composite, which is the date...
View ArticleAM Exam (dunce question)
Hi guys, apologies for my ignorance; just trying to get 100% straight in my head what will be cropping up on the AM exam.Can I assume that whilst all the questions appeared to be labelled with...
View ArticleSchweser live mock
First time taking the Live Mock. Do they hand you your the question paper and answers for both the sessions after the exam for self marking? This is Not clearly written anywhere
View ArticleTopics dropped from curriculum
I remember reading a thread that had past morning exams and showed the questions that have been dropped from curriculum but can’t find the thread..does anyone have it handy? I found a separate thread...
View Articleschweser PM results only
Would you mind sharing your PM results only? I found exam 5 to be the hardest and covering all those tricky parts.1.60% 2.66% 3.68% 4.66% 5.68% 6. This weekendThis doesnt look good because I can’t pass...
View ArticleInflating Withdrawal Figures for First Year ROR Calcs On IPS?
If asked to calculate ROR Requirement for first year and given inflation is 3% and withdrawals are 100k: Do you use 103k/Portfolio value?It seems like if 100k is needed for living expenses, you would...
View ArticleMock Exam 2007 Q10c (Grinold Kroner Model) Inflation
Hi everyone,We can see that there is an inflation component in the Grinold Model…It is positively related to the return to equities.The expected nominal earnings growth component (i+g)But do we include...
View ArticleIncreasing Duration - CFAI Reading 22, EOC question 2
So the exact answer is 119.69. CFAI says that we need to buy 119 contracts to increase to the desired duration … I’m really tired tonight, but I’m pretty sure that rounding 119.69 means we should be...
View ArticleTotally crushed after schweser live mock exam! What to do next! :(
I was not much confident anyways but schweser live mock exam totally crushed me! Scored 42% overall!The thing is that based on my breakdown of results, hard to pin point what I am doing wrong or doing...
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