Portfolio Management

Is anyone else having a good difficulty with the portfolio management section. I have to admit it is one of the areas I have spent the least time on so far. I understand the CAL, CML, CAPM of course, calculating beta, variance of 2asset and 3 asset portfolio. But then in Schweser there are at least another 10 formulas on the informatio ratio and most value added for a given level of residual risk etc.

At the moment I feel completely in the dark on this area. Can anyone shed some light and briefly explain what this all means. Are you memorizing the formulas?

just memorize the formulas, there’s actually only 4 or 5 of them and they’re all related to each other!

How to practice these IR concepts with no EOC?

Just worried that we may get a full item set on these readings.