Hi Retakers-as you are probably already aware, there is very little change in the Level 3 curriculum between 2008 and 2009…a lot of the LOS have been reordered and a couple added. In case you are reviewing old books, please note one LOS has been expanded. Here is it: Study Session 11 33 n. explain how a market-neutral portfolio can be “equitized” to gain equity market exposure and compare and contrast equitized market-neutral portfolios with short extension portfolios; “and compare and contrast equitized market-neutral portfolios with short extension portfolios;” has been added in 2009.