Topics from Outer Space ... Let's bring them back to Earth.

CFA Level III
#21

Correlation breakdown??

where is this from?

#22

Probably from international investment.

#23

The Case For/Against International Investing

#24

SDF-based asset pricing

Behavioral life-cycle theory

#25

.

#26

“Nie kida ros pan” [in an asian language] . Is there anyone who can understand this?

#27

where is this? couldn’t find in the Vol 2 glossory

#28

I have never seen the two bond hede tested and assumptions of the two bond hedge

Behavoral and GIPS and those end chapters of equity have testable areas

Inestability v Breadth

Liquidity and crossing opps v reconstitution effects

Precise float adjustment v judgement

Thsi course is so broad it is overqwhelming at times.

Also corp governance, there is a lot of testable stuff their,

self dealing , entrenchment strategies

limitation of biorard of directors

expl;icit and implicit incentives

active monitoring

debt as a motivator and limitations

stakeholder v shareholder views and last but not least

cadbury report

I am feeling ready but everytime i go back through blue boxes I find something that I miss.

At this stage i am data mining a bit I guess

#29

Black scholes merlin and SDF based asset pricing?

I couldnt find it, may i know the page no plzzzzzzzz!!!

#30

Sdf-based asset pricing: b2, p39.

#31

I’m pretty sure its Black Scholes MERTON model lol. It’s just a pricing model for options.

#32

Bayes formula computation - I have a feeling this is going to be a question. Good blue box in CFAI hits it if you aren’t familiar

2 bond MBS hedge (won’t work for a cuspy coupon unless you use interest rate options/derivatives to help out)

Bounded rationality (and satisfice)

I would be surprised if there isn’t a question on BL, MC and/or REF for SAA…seems to be on all the previous AM exams

#33

SS15: Intitial outlay, net outlay. SS08: statistical abberation, cross-sectional correlation,

#34

Sterling and Calmar (hedge fund performance measures)