@ajfinance
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Up11
@Christine thanks a lot 🙂
Up6@Christine I’m just worried about tackling the essay part. Also, how do you retain stuff from the GIPS reading? ~X(
Up6@Diya you could essentially create a library 😉
Up6@MattyJ I think you would be better off approaching the local CFA Society. The existing members would be more than happy to oblige and provide you references. If you can get 2 charterholders to sponsor you, its enough for the application.
As far as your work experience is concerned, I personally feel that you should not have any problems getting it approved. But again, try approaching the local CFA society, helps a lot.
Up5I had this guy at work. While I was studying for level 1, he told me that someone else at work had apparently “failed” Level 1 even though he was “Brilliant”. Well, with all that negativity, I managed to clear Levels 1 and 2 and shut him up. Whereas these days, whenever I come across someone who knows I am not employed and studying for Level 3, keeps saying “I’m sure you’ll clear it” or things like “I’ve heard Level 3 is easy, you should be fine”. I’m like “you think?” :-w
Up5I think India faces more of a political structural paralysis rather than a financial crisis per se. It has positives and negatives, but you can’t just keep selling “potential” to prospective investors. I always believe that “Potential is useless until and unless you can harness it”. I read somewhere that even though there was a downgrade in UK’s credit rating, it didnt have a huge impact on the bond prices as the market had factored in the general credit environment. Having said that, the markets move on sentiments, and more often than not, the press and the rating agencies do play an important role in directing those sentiments. On the overall picture, although it seems that there might be signs of recovery in some places, its sustaining that recovery that will decide on how fast the economy gets back on track. Given the bottlenecks and roadblocks, I think the recovery of the global economy will be painfully gradual.
Up5@anantjain87 thats great since you’re already working at a hedge fund. Do you mind telling us more about your educational and professional background?
Up5@Christine yep GIPS is indeed pure memorization %-(
Up5@hairyfairy exactly!
Up5High water mark – A performance incentive, usually used in hedge funds. The fund manager who falls under this incentive strategy earns a commission only when he has outperformed the previous highest return achieved by the fund.
Up5@Diya Noted. 🙂 I don’t have a background, but I have a book on music theory that I had read partly when I was trying to learn guitar. I also have one on history of music. Both are on kindle. So if you want, I’ll forward it to you.
Up5Time Horizon : One of the constraints to consider in an IPS. It refers to listing down and analysing the time constraints of the client, which would help the manager in devising a appropriate investment plan.
Up5@Diya I live in Mumbai, India. Yea I agree in some cases e book is expensive. Well its not only the cost at times , I like it that I don’t have to physically store a whole lot of books 🙂 Well I do buy print versions as well, definitely for reference type books.
Up5@Diya Brilliant. Your Portfolio manager probably wont have to worry about multigenerational time horizon then 😉
Up5Unrealised return : The return that has accumulated but not yet cashed in. (I’ve given a very raw definition. Correct me if I’m wrong)
Up5@Christine I’ve been using mine since the last 2 years. Should be fine then.
