CAIA - CIT 2 - Understanding the Cost of Investment Management

Question 1

There are 4 basic models of management:

1. C
2. I
3. F
4. O

Answer 1

There are 4 basic models of management:

1. Consultant

2. Internal CIO

3. FoF

4. OCIO

Question 2

There are 3 activity and transaction related fees and costs:

1. T
2. M
3. P

Answer 2

There are 3 activity and transaction related fees and costs:

1. Trading

2. Market Impact

3. Prime brokerage fees

Question 3

What are the operating costs of commingled funds?

1. C
2. A
3. L
4. A

Answer 3

What are the operating costs of commingled funds?

1. Custody

2. Audit

3. Legal

4. Administrative