KRochelli Wrote: ------------------------------------------------------- > maybe trusts (GRATs, CRTs, CLTs, etc) I would bet against that. Most, if not all, of those are only used in the US. The CFAI tends to avoid things like that since its a global exam. I would be shocked to see it.
LOS 34. g - discuss the Cadbury Report recommendations for best practice in maintaining an effective board of directors whose interests are alligned with those of shareholders. LOS 16. b - evaluate the benefits of a multi-locational investment solution when given a basic set of tax constraints, investment alternatives, and investor goals for after-tax return, chartibale giving, and cross-generational wealth transfer.
McLeod81 Wrote: ------------------------------------------------------- > Hypothetical value of a gold mine (it’s in the > curriculum with a formula). what page did you see this on?
FastEd Wrote: ------------------------------------------------------- > McLeod81 Wrote: > -------------------------------------------------- > ----- > > Hypothetical value of a gold mine (it’s in the > > curriculum with a formula). > > > what page did you see this on? CFAI vol. 5 pgs 169-173
budfox427 Wrote: ------------------------------------------------------- > KRochelli Wrote: > -------------------------------------------------- > ----- > > maybe trusts (GRATs, CRTs, CLTs, etc) > > > I would bet against that. Most, if not all, of > those are only used in the US. The CFAI tends to > avoid things like that since its a global exam. I > would be shocked to see it. Yes - but 1) it’s specifically called out in the curriculum as an LOS and 2) There are different versions of the exam given. ALso, thanks for the page reference on the commodity item.
Bank IPS has never been tested before. This could be the first time.
I could think of the Sortino ratio & co. and stress testing alternatives as compliments to VAR…,
Bank IPS would be a good one as well.
Calculating liquidity premium of an investment based on ICAPM.
What’s the meat grinder effect? Oh my gosh this thread is stressing me out. I don’t know any of this stuff!!!
CFA500 Wrote: ------------------------------------------------------- > What’s the meat grinder effect? > > Oh my gosh this thread is stressing me out. I > don’t know any of this stuff!!! Execution of Portfolio Decisions http://books.google.com.ng/books?id=Yr0aZdSQA2kC&pg=PA672&lpg=PA672&dq=meat+grinder+effect&source=bl&ots=Xr0uzvifuA&sig=4qp334jf6DqTnu7bxVPEdFcvzm4&hl=en&ei=LqEeSoPxA5WUjAeQyqWVDQ&sa=X&oi=book_result&ct=result&resnum=1#PPA673,M1
Thanks oboobagberume!
mwvt9 Wrote: ------------------------------------------------------- > Calculating liquidity premium of an investment > based on ICAPM. I didn’t even put that on a notecard…if CFAI wants to F@#% me that bad, go for it.
^^^im with Sponge.
liquidity premium under ICAPM is difference in Sharpes, yes? sorry mwvt9—just was looking up Samuelson effect today.
meaning—adjust sharpe of illiquid bond to equate market Sharpe. difference in return is illiquidity premium
AM will probably test some straight up memorization question like “What are things you need to look for when hiring an Alt Inv mgr” (like in book 2- 1AM)
I’ll also add to my list los 25.c - evaluate the importance of technological progreess, employment growth and growth in capital stock in estimating the economic potential on an emerging economy. Key words - evaluate and estimate. There is an appendix to this reading which provides the familliar growth accouting equation, but has some unique twists to it. Additionally, los 25b asks us to explain the currency appreciation. There is a formula that isn’t terribly hard, but resides off the beaten path. Finally, human capital and references to the appendix at the end of reading 20 with all manner of equations.
LADG = Dassets - (L/A)Dliabilities (part of Banks in SS5)
dpak Wrote: ------------------------------------------------------- > LADG = Dassets - (L/A)Dliabilities (part of Banks > in SS5) Not required, definitely mention if a Bank IPS pops up though I’m going to say Asset Manager Code