totally unnecessary at Level III seeing how we did all of it at level II…what is the point in having to suffer through it AGAIN
This is all from a portfolio management perspective. Instead of valuing these individual securities, they want us to use it in order to hedge exposure to various factors (e.g., duration and beta).
Does anyone find it amusing they assume we don’t know what the Sharpe Ratio is by now?
I welcome them to pile on as much stuff that I have already learned as possible. It will make it that much easier.