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徐威廉 · 2021年08月06日

没看懂

NO.PZ2016031101000027

问题如下:

At Firm T, Manager D is responsible for Firm T’s Emerging Market Composite. Although Manager D makes all the investment decisions for the portfolios in the composite, Manager D is supported by Firm T’s research department and trading desk. Firm U is seeking to establish an emerging market investment strategy and hires Manager D to join Firm U. Can Firm U link the historical performance of Manager D while at Firm T to the performance of its new strategy and comply with the GIPS standards?

解释:

The firm must determine if the decision-making process remains intact (unchanged) in Firm U. If Firm U continues the original strategy of the composite with all of its continuing factors, appropriate disclosures are made and documentation is in place, the performance must be linked. (See Section 3.12 of the reading.)

D经理以前在T公司,现在被挖到了U公司,U公司能否将自己现在的业绩和D经理在T公司的业绩link?取决于decision making不变?如果decision making不变就可以link?为什么啊?那是T公司的业绩啊

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已采纳答案

伯恩_品职助教 · 2021年08月06日

嗨,爱思考的PZer你好:


我们最终是想展示这个基金经理的投资业绩,所以是看这个基金经理过去投资的业绩能不能和新业绩link起来,虽然跳槽了,但是所有的决策都是这个基金经理来做的,所以他过去的业绩也是可以link过来的。



其实个人认为考试时候不会出的这么不严谨,应该公司收购公司,这样才没有歧义

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2020-12-12 14:09 1 · 回答

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2020-03-15 19:49 1 · 回答

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原公司在决策过程不变等前提下link原portfolio或者composite 的业绩很合理。新公司因为使用相同的决策过程和基金经理就可以用别的公司的历史业绩?

2019-02-17 00:38 1 · 回答