If soft hurdle rate>realized r incentive fee is not charged? Is it the same case as with hard hurdle rate?
There was a question that it was unclear whether the incentive fee is net or independent of management fee. If such appears on the exam, how should I count?
Are relative value strategies bottom up strategies?
If there is no evaluate or calculate order in LOS but the practice questions include calculation tasks from this LOS, do I need to be able to count them?
Do I have to be able to calculate the harmonic mean and Z spread in the exam? It’s quite complicated without Excel.