Reading 37 overview of the global investment performance standards answers
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Reading 37 overview of the global investment performance standards answers
Question #1 of 126Which of the following items is NOT required to be included as part of a private equity performance presentation?A)Gross-of-fees sin Reading 37 overview of the global investment performance standards answers nce inception internal rate of return.oB)Net-of-fees since inception Internal rate of return.ỠC)Capital drawn down from partners during the year.©ExplanationThe SI-IRR must be presented both gross and net of fees since inception paid-in capital must be shown not just the capital drawn down for the y Reading 37 overview of the global investment performance standards answers ear.Question #2 of 126With respect to reporting a composite’s creation date and any changes in a composite's name, which IS a cequirement of GIPS?A)BoReading 37 overview of the global investment performance standards answers
th the creation date and any changes in a composite's name.B)Changes in a composite's name but not its creation date.C)The creation date but not changQuestion #1 of 126Which of the following items is NOT required to be included as part of a private equity performance presentation?A)Gross-of-fees sin Reading 37 overview of the global investment performance standards answers in a composite's name.eỠ oQuestion #3 of 126When adjusting after-tax returns to account for the effects of non-discretionary trades resulting from client directed withdrawals, the adjustment amount should reflect the tax effect that would result from selling:A)the securities with the least amount of Reading 37 overview of the global investment performance standards answers appreciation.©B)a proportionate amount of each security.©C)the most highly appreciated securities.ỠExplanationManagers have an Incentive to use the aReading 37 overview of the global investment performance standards answers
djustment amount that reflects the tax effect from selling the most highly appreciated securities as this would result in the highest adjusted returnsQuestion #1 of 126Which of the following items is NOT required to be included as part of a private equity performance presentation?A)Gross-of-fees sin Reading 37 overview of the global investment performance standards answers ch security.Question #4 of 126In October of 2008, Alice Freeman, Georgeanne Pallence, and Mark Antonasanti formed rrA investment Management (FPA). All three of these individuals have enjoyed considerable success in their careers.Freeman is highly regarded for her expertise in the area of security an Reading 37 overview of the global investment performance standards answers alysis, while Pallence and Antonasanti are well known for their exemplary management of fixed-income and equity portfolios, respectively.In the initiaReading 37 overview of the global investment performance standards answers
l period after its inception, FPA only accepted high net worth clients, requiring a minimum investment of $5 million. In early 2010, however, FPA madeQuestion #1 of 126Which of the following items is NOT required to be included as part of a private equity performance presentation?A)Gross-of-fees sin Reading 37 overview of the global investment performance standards answers the information It provided for Its current clients, FPA prepared and distributed performance presentations that reflected the results of its three primary investment styles. That is, FPA presented performance results for an intermediate fixed-income composite, a broad equity composite, and a balan Reading 37 overview of the global investment performance standards answers ced composite. The following list describes some of the actions that FPA took when preparing its performance presentations.Action NumberDescription1AlReading 37 overview of the global investment performance standards answers
l composites included only assets under management and were not linked with simulated or model portfolio performance.2Accrual accounting and book valuQuestion #1 of 126Which of the following items is NOT required to be included as part of a private equity performance presentation?A)Gross-of-fees sin Reading 37 overview of the global investment performance standards answers tions.5All actual fee-paying accounts were included in at least one of the three composites.6Asset-weighted composite returns were calculated using end-of-period weightings.7The performance of the equity portion of the balanced accounts, excluding cash, was combined with the equity composite results Reading 37 overview of the global investment performance standards answers .8The s&p 500 index was used as the benchmark for all three composite performance presentations.Question #1 of 126Which of the following items is NOT required to be included as part of a private equity performance presentation?A)Gross-of-fees sinQuestion #1 of 126Which of the following items is NOT required to be included as part of a private equity performance presentation?A)Gross-of-fees sinGọi ngay
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