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2024-01-21 21:29Endowment model 和 canada model 的缺點都有alpha decay 快嗎
所屬：CFA Level III > Portfolio Management for Institutional Investors 視頻位置 相關(guān)試題
來源： 視頻位置 相關(guān)試題
1個回答
王蘇云助教
2024-01-22 13:21
該回答已被題主采納
同學(xué)，你好，我們一起來回顧一下這兩個模型的缺點吧：
The endowment model 的缺點：
1.difficult to implement for small institutional investors as they might not be able to access high quality managers.
2.difficult to implement for very large institutional investors because of their very large footprint.
3. more expensive in terms of costs/fees compared to the Norway model
canada model 的缺點：Potentially expensive and difficult to manage.
這里沒有涉及到alpha decay喲~
繼續(xù)加油~
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