B tap

Question 1

compare a factor model, an absolute return, a manager universe.

Answer 1

A manager universe—or manager peer group—is a broad group of managers with similar investment disciplines. Although not a benchmark, per se, a manager universe allows investors to make comparisons with the performance of other managers following similar investment disciplines

Question 2

characteristic of Sortino ratio

Answer 2

Sortino ratios use investor-specific preferences, rather than market conditions

Question 3

CR > 1 ?

Answer 3

convex

Question 4

lit exchanges & dark exchange

Answer 4

…

Question 5

symmetrical fee structure

Answer 5

is one in which the fees are affected by both positive and negative performance

Question 6

unanimous support

Answer 6

…..

Question 7

traditional risk tolerance questionnaire

Answer 7

Perez exhibits primarily cognitive rather than emotional biases.
generally effective for cognitive-based individuals