NO.PZ2022083003000001
问题如下：
Which of the following, according to the Brunel Asset Management Accord, is NOT in itself a likely cause for concern?
选项：
A.
Failure to manage risk appropriately.
B.
A change in the expected investment style.
C.
Short-term underperformance.
D.
Lack of understanding of reasons for underperformance.
解释：
本题考察布鲁内尔资产管理协议相关内容。
The Brunel Asset Management Accord highlights that clients should concern much more about culture and fail to adhere to the expected investment process or style.
- Persistent failure to adhere to Brunel’s investment principles and the spirit of the accord.
- A change in investment style, or investments that do not fit into the expected style.
- Lack of understanding of reasons for any underperformance, and/or a reluctance to learn lessons from mistakes. Conversely, complacency after good performance should be avoided.
- Failure to follow the investment restrictions or manage risk appropriately, including taking too little risk.
- Organisation instability or the loss of key personnel.
后面好几题，都说short-term ，这不应该说明C是对的么。。
