金程問(wèn)答
Richard whether there is a particular appraisal measure that he prefers. Richard describes a ratio that computes the expected return on an investment less a target return divided by a standard deviation measurement that is based on performance below the target return.老師您好，為啥這個(gè)是描述sortino ratio的，分母不是standard deviation嗎
Teamwork Advisory, LLC, was recently formed by a group of friends who attended graduate school together. Charlie Godwin and Susan Zhang lead the private client services division of the company. They have several funds under consideration to recommend to clients but want to be more confident about the abilities of the fund managers. Godwin suggests preparing a detailed performance evaluation of each manager.
Ben McNeil works as a senior manager at Chasing Alpha Research (CAR), a boutique investment house that specializes in managing portfolios for endowment funds. For the past year, CAR has been developing a machine learning (ML) algorithm that leverages frequently updated internal data (e.g., security weights, trades, and returns) and external data sources to construct individual stock portfolios within a pre-determined sector allocation range (–5% to +5% of benchmark). The goal of the portfolio is to outperform the benchmark over a 12-month period, and McNeil is reviewing the performance results to evaluate the effectiveness of the big data strategy. 老師您好，為啥根據(jù)這個(gè)消息，要用transaction base，不能用 holding base
麻煩老師講一下這道題，謝謝
？
第三題，為什么不用這個(gè)公式 Implementation shortfall=delay cost+trading cost+opportunity cost+fee
老師第3題的response 1為什么不對(duì)？
老師第4題，statement 2為什么不對(duì)？和max fee應(yīng)該沒(méi)什么關(guān)系吧？解析里沒(méi)有
price volatility和MKT impact分不清
Trading 官網(wǎng)題，Using Exhibits 1 and 2 and incorporating the high-water mark feature, the fee for Fund ABC in Year 3 is closest to: 為什么還要將Year 2的虧損recover掉再計(jì)算？
dark pool的交易和數(shù)量是怎么報(bào)告的？能稍微具體的解釋一下嗎，沒(méi)有什么概念
第一題，請(qǐng)解釋一下中文的意思。感覺(jué)這里英文寫(xiě)的有點(diǎn)問(wèn)題。Requirement 1: To avoid the potential of managers assuming excessive downside risk to generate returns, reduce the maximum annual fee structure.
KAIKAI老師的example直播里，說(shuō)只用做AA，因?yàn)閙gr 已經(jīng)被selected好了。但是SS不是指的是security selection嗎？為什么不用做SS
第二題，題目中給了平均價(jià)格，為什么不直接用呢？這個(gè)平均成交價(jià)格為啥和單筆算出來(lái)的不同？
第五題，為什么要用sector1的benchmark return去和total benchmark return比較，而不是portfolio return呢？這個(gè)表里portfolio return，benchmark return和total benchmark return的關(guān)系可以辨析一下嗎？
程寶問(wèn)答
