穆同學
2019-11-29 20:57第7題不懂… 第6題從哪句判斷的？B，C分不清楚…
所屬：CFA Level III > Behavioral Finance 視頻位置 相關(guān)試題
來源： 視頻位置 相關(guān)試題
1個回答
Peter F助教
2019-12-02 14:14
該回答已被題主采納
同學，你好：
第 6 題：從第一段的 Jordan’s reputation has grown over the years as her fund has consistently beaten its benchmark. Employee turnover on Jordan’s team has been high; she has a tendency to be quick to blame, and rarely gives credit to team members for success. 中可以判斷出來。
第 7 題：Observation 1 Certain positions are significantly under water, have much higher risk profiles, and have been held for much longer than normal. （loss aversion 會持有損失頭寸）
Observation 2 The trading volume of the fund has decreased by more than 40 percent during the past year. （loss aversion 會持有更長期的損失頭寸，而降低交易量）
Observation 3 The portfolio is more concentrated in a few sectors than in the past. （題干采用的是 a market neutral strategy，market neutral strategy 也會有 sector 集中的問題，但因為 long/short strategy that strives to eliminate market risk; i.e., beta should be zero，風險會降低，雖然 Loss aversion by itself may cause a sector concentration ，但不是 Loss aversion 引起的）
第 7 題 選 C
0
0
0
0
