第三題，如果從加入oppotunity cost的角度出發(fā)，應(yīng)該怎么算呢？
Q1，這個implementation shortfall，根據(jù)公式是要涵蓋opportunity cost呀。那么分解計算(35.41-35)x90,000+(35.65-35)x10,000+0.02x90,000=55,200，與直接用paperreturn-actualreturn的結(jié)果不同
沒聽懂V公司的缺點
Q2，雖然urgency高，但是交易量相當(dāng)于20%的daily交易量，直接公開市場交易，不會直接抬升價格，干沒α decay嗎
老師：bonus-style fees,是不是特指上封頂，下保底的費用結(jié)構(gòu)。
精 Q38，a soft lock charges a redemption fee, paid into the fund, which is inconsistent with C’s moderate sensitivity to fees. 這句話說什么意思？soft lock是什么？
C怎么不對？
你好 第二題沒明白題干問的是什么意思
請問Reading 36 課後練習(xí)題中 "18. Which of the following fee structures most likely decreases the volatility of a portfolio's net returns?" A. Incentive fees only B. Management fees only C. Neither incentive fees nor management fees 解答是 A is correct. Because incentive fees are fees charged as a percentage of returns (reducing net gains in positive months and reducing net losses in negative months), its use lowers the standard deviation of realized returns. Charging a management fee (a fixed percentage based on assets) lowers the level of realized return without affecting the standard deviation of the return series. 請問當(dāng) Portfolio's returns turn negative 是收不到 incentive fees 的，如何reducing net losses in negative months?
課上說breakeven return 是剛好使得總沒用等于standard fee 但是原版書課后題：To understand the effect each fee structure has on its respective portfolio, Porter and Smith must estimate the net active return for several possible gross active returns, including less than or equal to 0.20%, 0.75%, 1.25%, and 1.75%.Calculate the net active return based on each possible gross active return provid- ed using the selected data in Exhibit 1. Show your calculations. 這道題如果你把1.25%代入求出來的總費用應(yīng)該是0.4625%而不是0.35%
老師，多期的UC和DC怎么算，計算出每一期的UC和DC后是取平均嗎
第3問，sharing=0.25，base fee=0.2，計算出來的breakeven active return不是1.25，應(yīng)該是0.8，麻煩核對下答案的計算過程是否準確
Execution Risk 和 market impact有什么不同？是指一個基本面沒發(fā)生變化，一個基本面發(fā)生變化了嗎？reading 25的第20題
請再詳述一下Q1Statement為什么是對的
精 請問什么情況下會使用pre-trade/intraday/post-trade/price target benchmarks?
程寶問答
金程問答