IPS

CFA Level III
#1

Two questions:

  1. Do short term funding needs like down payment/donation need their own stage in the time horizon?

  2. Does concentrated position need to be included in the risk objective section. I have seen in mock they dont seem to include it but I remember it included somewhere else (dont know if Schweser or some sample exam)

Thanks

#2

  1. no. If there is an immediate liquidity need then this does not needs its own time horizon.

  2. not sure what the question would ask for us to need to state that…

#3
  1. Include it in UNIQUE
#4
  1. I think it is included under Unique