Which of the following statement most likely summarizes the requirement of a firm to maintain a list of descriptions? Firms must maintain a list of composite descriptions as well as a list of descriptions for both limited and broad distribution pooled funds. Firms must ...
SSEI QForum Latest Questions
Which of the following is not part of the nine major sections of the GIPS® standards? Performance Fees Input Data Disclosure The answer should be (1) but is mentioned on candidate portal as (2)
Clocky Leduc, CFA, a portfolio manager for a large Texas investment firm, has been offered compensation in addition to what her firm pays her. The offer is from one of her clients and the additional compensation will be based on ...
A hedge fund has the following fee structure: Annual management fee based on year-end AUM 2% Incentive fee 20% Hurdle rate before incentive fee collection starts 4% Current high-water mark USD610 million The fund has a value of USD583.1 million at the beginning of the year. After one ...
Ace’s issuer client has swapped its outstanding fixed-rate debt to floating to match asset portfolio cash flows that generate an MRR-based return. Which of the following statements best describes how Ace’s MTM credit exposure to the issuer changes if interest rates rise ...
Ace serves as a futures commission merchant to assist several of its commodity trading adviser (CTA) clients to clear and settle their futures margin positions with the futures exchange. Ace is reviewing the copper futures market for a CTA client ...
Which of the following statements best contrasts the credit risk of the Baywhite Financial LLC Structured Note with the counterparty credit risk of an investor entering into the embedded exchange-traded derivative on a stand-alone basis? An investor in the Baywhite Structured ...
The Industry and Business Risk excerpt states that, “Increased competition may lead to lower unit sales and excess production capacity and excess inventory. This may result in a further downward price pressure.” The downward price pressure could lead to inventory ...
Crux’s inventory turnover ratio computed as of 31 December 2018, after the adjustments suggested by Groff, is closest to: 5.67. 5.83. 6.13 In the answer, charges included in cost of goods sold for inventory write-downs are deducted but why
Difference between risk free rate and real rate