Absolute return standard - Study guides, Class notes & Summaries

Samuel Tong, CAIA, has clients who await his recommendation of a particular stock that is about to release earnings. From his office he sends the single recommendation "Sell" to all his clients via a text message that includes the phrase "more info on web." Does this communication violate Standard V(B): Communication with Clients and Prospective Clients? - No A communication may be in capsule form but members should notify clients that additional information and analyses are available f...

CISR LIFE & HEALTH Exam 52 Questions with Answer The first step in understanding the elements of a life insurance contract is being able to: A) describe the personal and specific reasons people purchase life insurance B) describe the different parties to a life insurance contract and their relationship - CORRECT ANSWER B) describe the different parties to a life insurance contract and their relationship A policy owner has the power to: A) Name one or more beneficiaries B) Change th...

annuitied- fixed - equity indexed annuities - Answer-A type of fixed annuity that offers the potential for a higher return than a standard fixed annuity. They are sometimes tied to the Standard and Poor's 500 or the Composite Stock Price Index. A group-owned insurance company that is formed to assume and spread the liability risks of its members is known as a - Answer-risk retention group A survivorship life insurance policy usually covers how many lives? - Answer-2 annuities- 1035 exchan...

CAIA Level 1 Glossary Exam Study Guide with Complete Solutions absolute return products - Answer️️ -Absolute return products are investment products viewed as having little or no return correlation with traditional assets, and have investment performance that is often analyzed on an absolute basis rather than relative to the performance of traditional investments. absolute return standard - Answer️️ -An absolute return standard means that returns are to be evaluated relative to z...

CAGR - ANSWER-compound annual growth rate annualized return - ANSWER-(1+HPR)^number of holding periods in one year - 1 multiple hedge fund aggregation - ANSWER-equal weighted approach, asset weighted, and arbitrary weight approach Performance index - ANSWER-R index = Sum of wi * Ri in the case of multiple fund aggregations, severals prefer reporting median return - ANSWER-you know what the median is---the fact that outliers are automatically excluded from the calculation makes the me...

Spectrum - Field Tech New Hire, Spectrum Field Tech New Hire Week 2 Questions and Answers Already Passed What does the "S" in S.A.F.E stand for? Stop What does the "A" in S.A.F.E stand for? Assess What does the "F" in S.A.F.E stand for? Focus What does the "E" in S.A.F.E stand for? Eliminate What are the three branches of the Safety Triangle? Knowledge Technique Attitude What (in electricity) is the direct cause of injury voltage (E), current (I), or resistance (R)? Current (I) Wha...

california property and casualty exam questions and answers 100% pass The process where by a mutul insurer becomes a stock company is called - Correct Answer ️️ -Demutalization The process whereby a stock company a mutal insurer is called - Correct Answer ️️ - Mutalization The provision in a property policy which states that the insured has been paid up to their insurable interest is - Correct Answer ️️ -Valuation clause The part of the policy that states the amout of coverag...

When and for what do we use equivalent units? - correct answer Equivalent units are used in connection with the interim financial statements (accruals concept) in production companies with continuous production. The target with equivalent units is to create comparability between resource consumption and production in the period, but taking into account that the products are not always completed to the same degree and that the resource consumption for the prod...

What assets are often chracterized as traditional by some and alternatives by others in: hedge funds, private equity, and real assets - Answer Hedge Funds: Liquid alternative mutual funds Private Equity: Closed-end funds with illiquid holdings Real Assets: Public real estate and public equities of corporations with performance dominated by stable positions in real assets 4 major methods of analysis that distinguish the analysis of alternative investments from trad. investments - Answer ...

Price change based on convexity correct answer - -duration(change in yield)+1/2(convexity)(change in yield)^2 Effective Duration correct answer - Required if a bond has embedded options: [(v-)-(v+)]/[2V0(change in curve)] Modified Duration correct answer - [(v-)-(v+)]/[2V0(change in yield)] Future Value correct answer - PV(1+(I/Y)^N) PV correct answer - FV/(1+r)^n PV of perpetuity correct answer - PMT / discount rate Approximate percentage price change of a bond correct answer ...