第二個(gè)基金tracks their ultimate performance against market benchmarks，這里的market benchmarks 就一定是大盤指數(shù)嗎？一只個(gè)股的錯(cuò)誤定價(jià)與大盤指數(shù)去比較這確實(shí)是沒有邏輯，不至于犯這么低級(jí)的錯(cuò)誤吧，但是我的理解是每種行業(yè)也有自己的benchmark ，這個(gè)基金也有可能是說與自己的行業(yè)的benchmark 相比較呢？另外，如果題目中確實(shí)說明會(huì)與行業(yè)的benchmark 去比較，那么這個(gè)基金是不是就沒問題了，因此也可以入選了，是嗎？
R27第31題，Aspen的描述中是不是還有另外一個(gè)問題，“We pursue a passive investment strategy, which seeks to identify and exploit structural inefficiencies through identifying mispricings created by loss aversion”這里mispricings created by loss aversion 應(yīng)該是behavioral inefficiencies 吧？書上說：“Behavioral inefficiencies are perceived mispricings created by the actions of other market participants, usually associated with biases, such as trend following or loss aversion. These inefficiencies are temporary, lasting long enough for the manager to identify and exploit them before the market price and perceived intrinsic value converge. Structural inefficiencies are perceived mispricings created by external or internal rules and regulations. These inefficiencies can be long lived and assume a continuation of the rules and regulations rather than a convergence.”
R27第30題，雖然說Yang只有3 年就退休了，投資期限較短，但是Alpha基金的drawdown duration 只有21個(gè)月呀，小于三年，不是嗎？再加上Alpha的capture ratio等于4，遠(yuǎn)高于另外兩個(gè)基金，為什么不選Alpha?
如何看出23.01就是decision price
老師您好，課后題167頁22題：Delay cost=（下單價(jià)格-決策價(jià)格）*execution number?答案中為什么用（下單價(jià)格-開盤價(jià)）*execution number?
老師，這一題有問題吧？選項(xiàng)A compares the return to a benchmark, 明明就不對(duì)啊？答案解析也說不對(duì)，為啥不選A T-T
老師，機(jī)會(huì)成本=side *(closing price - decision price) * 未完成交易的股份數(shù)，應(yīng)該是-（79.4-79.9）*20000 = 10000才對(duì)吧？這樣的話，IS應(yīng)該是12000+10000+600=22600才讀（沒有這個(gè)選項(xiàng)），答案是不是有誤？
Timmon begins by asking Richard to explain how and when risk enters into the performance evaluation process. Richard answers that risk is considered only within performance appraisal, which determines the quality of a fund manager's performance. Q. Richard's answer in regard to risk and performance evaluation is best described as: A. correct. B. incorrect in regard to what is assessed through performance appraisal C. incorrect in regard to when risk enters into the performance evaluation process 請(qǐng)問這道官網(wǎng)為什么不選B？risk不是只在appraisal考慮，選B難道不對(duì)嗎？
老師，這題為什么不選Dark pool？答案解析沒看懂。另外，dark pool和scheduled 的優(yōu)缺點(diǎn)主要有哪些，感覺好難區(qū)分，已經(jīng)在多道類似的題都錯(cuò)了T.T
如何看出23.01就是decision price
R25第11題，既然擔(dān)心信息泄露，為什么可以選a
Trading reading 27 第39題，這一題想表達(dá)什么?
Trading 課后題 reading 27，第40題，standard fee 和base fee有什么區(qū)別? 以1.25% 的 gross return 計(jì)算fee 0.2+0.25(1.25-0.2)=0.46, 并不等于 standard fee.
Zeta公司的激勵(lì)制度好像也沒有什么問題吧？return超過benchmark 就調(diào)整工資，這不就是激勵(lì)費(fèi)嗎？
R27原版書課后題第12題，為什么選B？
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