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Tong · 2025年06月15日

这道题里6%的意义是什么?这类题有没有解题框架?从哪些角度思考?

NO.PZ2019100901000017

问题如下:

The Prometheo University Scholarship Endowment (the Endowment) was established in 1950 and supports scholarships for students attending Prometheo University. The Endowment’s assets under management are relatively small, and it has an annual spending policy of 6% of the five-year rolling asset value.

Upon completion of the investment policy review by her four-person staff, the CIO makes some recommendations to the Endowment’s board regarding the investment objectives and asset allocation. One of her recommendations is to adopt the endowment model as an investment approach. She recommends investing 20% in private equity, 40% in hedge funds, 25% in public equities, and 15% in fixed income.

Determine whether the board should accept the CIO’s recommendation. Justify your response.

选项:

解释:

Justify your response:

The board should reject the CIO’s recommendation. This recommendation is a significant departure from current practice and entails a much higher level of risk. The size of the investment team is small, with only four people, and it may not have adequate access to or experience in alternative investments. Given the relatively small size of the Endowment, it is unlikely that it has access to top managers in the hedge fund and private equity spaces.

这道题里6%的意义是什么?这类题有没有解题框架?从哪些角度思考?

1 个答案

Lucky_品职助教 · 2025年06月15日

嗨,爱思考的PZer你好:


在题中,6% 是捐赠基金的年度支出政策,即按五年滚动资产价值的 6% 确定年支出金额。

关于解题框架或是思考角度,建议同学抽时间多听一下课后题或是经典题老师的讲解视频,老师不但会详细的进行讲解,并且也都会根据知识点框架,来为同学们进行归纳。

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