金程問(wèn)答
這個(gè)21題可否講解一下呢
請(qǐng)把第3題再解析一下吧
C is correct because if we measure the correlation between active management return, A = (P ? B), and style return, S = (B ? M), we can identify whether the manager’s active selection decisions align with the style currently favored by the market. A good benchmark should not reflect these systematic biases, as indicated by the correlation between A and S not being statistically different from zero. 這一段能否解釋一下
第4問(wèn)，通脹情況下購(gòu)買力下降，那應(yīng)該減持cas h呀，為什么還得再多思考一層央行會(huì)管控？題目中沒(méi)有提示說(shuō)央行會(huì)管控
這道題的C，momentum stock的Factor return為3.38%，value stock的Factor return為-9.6%，那是否可以理解為growth stock的Factor return為9.6%？如果有g(shù)rowth return是否可以選？
14題可以講解一下嗎
答案A里面的圖表的數(shù)值是怎么出來(lái)的？怎么算的和它不一樣？解釋一下答案A的邏輯吧？
原版書上這句話看不懂，allows volatility sellers to sell variance swaps at a higher price than at-the-money options，這個(gè)跟atm option有什么關(guān)聯(lián)？A feature of variance swaps that makes them particularly interesting to investors is that their payoffs are convex in volatility, as seen Exhibit 4. This convexity occurs because being long a variance swap is equivalent to be long a basket of options and short the underlying asset (typically by selling a futures contract). A long position in a variance swap is thus long gamma and has a convex payoff. This characteristic allows volatility sellers to sell variance swaps at a higher price than at-the-money options because the swap’s convex payoff profile is attractive to investors who desire a long volatility position as a tail risk hedge.
Q2在哪個(gè)知識(shí)點(diǎn)，上課的時(shí)候好像沒(méi)有提到過(guò)，另外可以看一下這個(gè)知識(shí)點(diǎn)在沖刺筆記哪頁(yè)？
如果有是standardfeepaying，又是受益人，那還需要最后再交易嗎
老師請(qǐng)問(wèn) 如果客戶的行為違法了 還需要為客戶保密么
選項(xiàng)C沒(méi)有搞明白， 為什么這里不是直接賣出二個(gè)月的（+15.4），買入一個(gè)月的（-13.5），合計(jì)收入1.9,？講解的時(shí)候把過(guò)程拆分成了2個(gè)步驟
請(qǐng)問(wèn)一下第七個(gè)問(wèn)題，那如果soft hurdle和hard hurdle的catchup rate都是100%，并且其他的也都相同，那他們是不是就是一樣的了呀？
第二題 GP received carried interest of 26 million in year 6是無(wú)用資訊嗎？為何不用考量進(jìn)去
第一題解析中，affected performance by –0.0830%，這個(gè)是怎么來(lái)的
程寶問(wèn)答
