It is mentioned in the core that the inter-temporal rate of substitution was lower in the good state of the economy compared with the bad state. Is this correct statement. Because the ratio of the marginal utility of consumption in the ...

Can someone please explain this sentence, ” if the total risk budget is equal to each sub-portfolio’s individual VAR, there is a risk that this approach may cause underutilization of capital.”

INFORMATION Ratio falls if we add cash and rises if leverage. Can anyone provide explaination for above statement

For ETF chp, Where can I find Sir’s notes?Shared notes?

What is the logic of following statement The factor sensitivities are generally determined first in fundamental factor models, whereas the factor sensitivities are estimated last in macroeconomic factor models.

Getting confused between Sharpe ration and information ration what is difference between them ??