是否有讲解视频

NO.PZ2022051904000005 问题如下 Mason xon, CFa portfolio manager with Langhorne Aisors (Langhorne), hjust completethe request for propos(RFP) for the Acame Fountion’s (the Fountion) $20 million fixeincome mante. In the performansection of the RFP, xon incatethLanghorne Aisors is a member firm of CFA Institute anhprepareanpresentethis performanreport in complianwith the GlobInvestment PerformanStanr (the GIPS® stanr). The performanreport presenteLanghorne’s fixeincome composite returns on the actunet-of fees basis anbenchmark returns net of Langhorne’s highest schelefee (1.00% on the first $5 million; 0.60% thereafter). The report also incatethof the most recent quarter, the composite comprise10 portfolios totaling $600 million of assets unr management (AUM). Upon returning the completeRFP, xon thankethe Fountion’s chief investment officer, who is also a charterholr, for consiring Langhorne. xon also incatethregaress of the outcome of the manager search, he woullike to have the CIO anthe Fountion’s presint join him on Langhorne’s corporate jet to spena y exclusive California golf club where the firm maintains a corporate membership. Q. Intify the ethicconcerns posexon’s actions anconct. Solutionxon’s actions anconpose multiple ethicconcerns.xon’s claim of complianstatement ancover letter, along with Langhorne’s performanreport, violate both the CFA Institute Co of EthianStanr of ProfessionCon(Co anStanr) anthe GIPS stanr. Regarng the Co anStanr, xon’s statement improperly asserts thCFA Institute hsignateLanghorne a ‘member firm.’ Membership is helpractitioners invials, with no relaterights extento the firms whithey work. With this assertion, xon hmisrepresenteLanghorne’s claim of compliance, StanrI(C): Professionalism, Misrepresentation; engagein conthcompromisethe reputation or integrity of CFA Institute, StanrVII(A): Responsibilities a CFA Institute Member or CFA Institute Cante, ConParticipants in CFA Institute Programs; anmisrepresenteor exaggeratethe meaning or implications of membership in CFA Institute, StanrVII(B): Responsibilities a CFA Institute Member or CFA Institute Cante, Referento CFA Institute, the CFA signation, anthe CFA Program.Regarng the GIPS stanr anthe performanreport, presenting composite returns on a net-of-fees basis is acceptable unr the GIPS stanr. However, it is not appropriate to aust benchmark returns with a hypotheticfee for comparative purposes (i.e., composite gross-of-fees returns shoulcompareto unaustebenchmark returns). This austment of Langhorne’s performanreport is invaliunr the GIPS stanr unr Section 4.a.1: sclosure—Requirements. The 1.00% hypotheticfee ctefrom benchmark returns is surely greater ththe average fee ctein arriving composite net-of-fees returns. average portfolio size of $60 million implies a composite fee percentage of roughly 0.63%, or: {(0.0100 × $5 million) + [0.0060 × ($60 million − $5 million)]}/$60 million = 0.0063 or 0.63%. So, on a relative basis, cting a larger cost against the benchmark will show Langhorne with a phantom outperformance.In terms of the Co anStanr, a minimum, xon hpresenteinaccurate performancomparison—StanrIII(: ties to Clients, PerformanPresentation—anmhave engagein misrepresentation to the point of misconct—StanrI(: Professionalism, Misconct—sinit mceitful to cast a more favorable light on the Langhorne composite net-of-fees returns (Section 0.A.7 unr Funmentals of Compliance—Requirements of the GIPS stanr).xon’s cover letter invitation for all-expenses paiouting to exclusive golf stination cconstrueattempt to influenthe inpennanobjectivity of the Fountion’s CIO anpresint—StanrI(B): Professionalism, InpennanObjectivity. While xon’s invitation wexten‘regaress of the outcome of the manager search,’ the offer coulinterpretea quipro quo, with future attractive personbenefits available to the Fountion’s executives if a continuing relationship westablishetheir hiring of Langhorne a manager. 为何违反了StanrVII(A): Responsibilities a CFA Institute Member or CFA Institute Cante,StanrVII(B): Responsibilities a CFA Institute Member or CFA Institute Cante,可以详细下吗？

NO.PZ2022051904000005 问题如下 Mason xon, CFa portfolio manager with Langhorne Aisors (Langhorne), hjust completethe request for propos(RFP) for the Acame Fountion’s (the Fountion) $20 million fixeincome mante. In the performansection of the RFP, xon incatethLanghorne Aisors is a member firm of CFA Institute anhprepareanpresentethis performanreport in complianwith the GlobInvestment PerformanStanr (the GIPS® stanr). The performanreport presenteLanghorne’s fixeincome composite returns on the actunet-of fees basis anbenchmark returns net of Langhorne’s highest schelefee (1.00% on the first $5 million; 0.60% thereafter). The report also incatethof the most recent quarter, the composite comprise10 portfolios totaling $600 million of assets unr management (AUM). Upon returning the completeRFP, xon thankethe Fountion’s chief investment officer, who is also a charterholr, for consiring Langhorne. xon also incatethregaress of the outcome of the manager search, he woullike to have the CIO anthe Fountion’s presint join him on Langhorne’s corporate jet to spena y exclusive California golf club where the firm maintains a corporate membership. Q. Intify the ethicconcerns posexon’s actions anconct. Solutionxon’s actions anconpose multiple ethicconcerns.xon’s claim of complianstatement ancover letter, along with Langhorne’s performanreport, violate both the CFA Institute Co of EthianStanr of ProfessionCon(Co anStanr) anthe GIPS stanr. Regarng the Co anStanr, xon’s statement improperly asserts thCFA Institute hsignateLanghorne a ‘member firm.’ Membership is helpractitioners invials, with no relaterights extento the firms whithey work. With this assertion, xon hmisrepresenteLanghorne’s claim of compliance, StanrI(C): Professionalism, Misrepresentation; engagein conthcompromisethe reputation or integrity of CFA Institute, StanrVII(A): Responsibilities a CFA Institute Member or CFA Institute Cante, ConParticipants in CFA Institute Programs; anmisrepresenteor exaggeratethe meaning or implications of membership in CFA Institute, StanrVII(B): Responsibilities a CFA Institute Member or CFA Institute Cante, Referento CFA Institute, the CFA signation, anthe CFA Program.Regarng the GIPS stanr anthe performanreport, presenting composite returns on a net-of-fees basis is acceptable unr the GIPS stanr. However, it is not appropriate to aust benchmark returns with a hypotheticfee for comparative purposes (i.e., composite gross-of-fees returns shoulcompareto unaustebenchmark returns). This austment of Langhorne’s performanreport is invaliunr the GIPS stanr unr Section 4.a.1: sclosure—Requirements. The 1.00% hypotheticfee ctefrom benchmark returns is surely greater ththe average fee ctein arriving composite net-of-fees returns. average portfolio size of $60 million implies a composite fee percentage of roughly 0.63%, or: {(0.0100 × $5 million) + [0.0060 × ($60 million − $5 million)]}/$60 million = 0.0063 or 0.63%. So, on a relative basis, cting a larger cost against the benchmark will show Langhorne with a phantom outperformance.In terms of the Co anStanr, a minimum, xon hpresenteinaccurate performancomparison—StanrIII(: ties to Clients, PerformanPresentation—anmhave engagein misrepresentation to the point of misconct—StanrI(: Professionalism, Misconct—sinit mceitful to cast a more favorable light on the Langhorne composite net-of-fees returns (Section 0.A.7 unr Funmentals of Compliance—Requirements of the GIPS stanr).xon’s cover letter invitation for all-expenses paiouting to exclusive golf stination cconstrueattempt to influenthe inpennanobjectivity of the Fountion’s CIO anpresint—StanrI(B): Professionalism, InpennanObjectivity. While xon’s invitation wexten‘regaress of the outcome of the manager search,’ the offer coulinterpretea quipro quo, with future attractive personbenefits available to the Fountion’s executives if a continuing relationship westablishetheir hiring of Langhorne a manager. 如题

NO.PZ2022051904000005 问题如下 Mason xon, CFa portfolio manager with Langhorne Aisors (Langhorne), hjust completethe request for propos(RFP) for the Acame Fountion’s (the Fountion) $20 million fixeincome mante. In the performansection of the RFP, xon incatethLanghorne Aisors is a member firm of CFA Institute anhprepareanpresentethis performanreport in complianwith the GlobInvestment PerformanStanr (the GIPS® stanr). The performanreport presenteLanghorne’s fixeincome composite returns on the actunet-of fees basis anbenchmark returns net of Langhorne’s highest schelefee (1.00% on the first $5 million; 0.60% thereafter). The report also incatethof the most recent quarter, the composite comprise10 portfolios totaling $600 million of assets unr management (AUM). Upon returning the completeRFP, xon thankethe Fountion’s chief investment officer, who is also a charterholr, for consiring Langhorne. xon also incatethregaress of the outcome of the manager search, he woullike to have the CIO anthe Fountion’s presint join him on Langhorne’s corporate jet to spena y exclusive California golf club where the firm maintains a corporate membership. Q. Intify the ethicconcerns posexon’s actions anconct. Solutionxon’s actions anconpose multiple ethicconcerns.xon’s claim of complianstatement ancover letter, along with Langhorne’s performanreport, violate both the CFA Institute Co of EthianStanr of ProfessionCon(Co anStanr) anthe GIPS stanr. Regarng the Co anStanr, xon’s statement improperly asserts thCFA Institute hsignateLanghorne a ‘member firm.’ Membership is helpractitioners invials, with no relaterights extento the firms whithey work. With this assertion, xon hmisrepresenteLanghorne’s claim of compliance, StanrI(C): Professionalism, Misrepresentation; engagein conthcompromisethe reputation or integrity of CFA Institute, StanrVII(A): Responsibilities a CFA Institute Member or CFA Institute Cante, ConParticipants in CFA Institute Programs; anmisrepresenteor exaggeratethe meaning or implications of membership in CFA Institute, StanrVII(B): Responsibilities a CFA Institute Member or CFA Institute Cante, Referento CFA Institute, the CFA signation, anthe CFA Program.Regarng the GIPS stanr anthe performanreport, presenting composite returns on a net-of-fees basis is acceptable unr the GIPS stanr. However, it is not appropriate to aust benchmark returns with a hypotheticfee for comparative purposes (i.e., composite gross-of-fees returns shoulcompareto unaustebenchmark returns). This austment of Langhorne’s performanreport is invaliunr the GIPS stanr unr Section 4.a.1: sclosure—Requirements. The 1.00% hypotheticfee ctefrom benchmark returns is surely greater ththe average fee ctein arriving composite net-of-fees returns. average portfolio size of $60 million implies a composite fee percentage of roughly 0.63%, or: {(0.0100 × $5 million) + [0.0060 × ($60 million − $5 million)]}/$60 million = 0.0063 or 0.63%. So, on a relative basis, cting a larger cost against the benchmark will show Langhorne with a phantom outperformance.In terms of the Co anStanr, a minimum, xon hpresenteinaccurate performancomparison—StanrIII(: ties to Clients, PerformanPresentation—anmhave engagein misrepresentation to the point of misconct—StanrI(: Professionalism, Misconct—sinit mceitful to cast a more favorable light on the Langhorne composite net-of-fees returns (Section 0.A.7 unr Funmentals of Compliance—Requirements of the GIPS stanr).xon’s cover letter invitation for all-expenses paiouting to exclusive golf stination cconstrueattempt to influenthe inpennanobjectivity of the Fountion’s CIO anpresint—StanrI(B): Professionalism, InpennanObjectivity. While xon’s invitation wexten‘regaress of the outcome of the manager search,’ the offer coulinterpretea quipro quo, with future attractive personbenefits available to the Fountion’s executives if a continuing relationship westablishetheir hiring of Langhorne a manager. 这题没看懂 能否中文一下？感觉好像不是这个reang的内容呀

NO.PZ2022051904000005 问题如下 Mason xon, CFa portfolio manager with Langhorne Aisors (Langhorne), hjust completethe request for propos(RFP) for the Acame Fountion’s (the Fountion) $20 million fixeincome mante. In the performansection of the RFP, xon incatethLanghorne Aisors is a member firm of CFA Institute anhprepareanpresentethis performanreport in complianwith the GlobInvestment PerformanStanr (the GIPS® stanr). The performanreport presenteLanghorne’s fixeincome composite returns on the actunet-of fees basis anbenchmark returns net of Langhorne’s highest schelefee (1.00% on the first $5 million; 0.60% thereafter). The report also incatethof the most recent quarter, the composite comprise10 portfolios totaling $600 million of assets unr management (AUM). Upon returning the completeRFP, xon thankethe Fountion’s chief investment officer, who is also a charterholr, for consiring Langhorne. xon also incatethregaress of the outcome of the manager search, he woullike to have the CIO anthe Fountion’s presint join him on Langhorne’s corporate jet to spena y exclusive California golf club where the firm maintains a corporate membership. Q. Intify the ethicconcerns posexon’s actions anconct. Solutionxon’s actions anconpose multiple ethicconcerns.xon’s claim of complianstatement ancover letter, along with Langhorne’s performanreport, violate both the CFA Institute Co of EthianStanr of ProfessionCon(Co anStanr) anthe GIPS stanr. Regarng the Co anStanr, xon’s statement improperly asserts thCFA Institute hsignateLanghorne a ‘member firm.’ Membership is helpractitioners invials, with no relaterights extento the firms whithey work. With this assertion, xon hmisrepresenteLanghorne’s claim of compliance, StanrI(C): Professionalism, Misrepresentation; engagein conthcompromisethe reputation or integrity of CFA Institute, StanrVII(A): Responsibilities a CFA Institute Member or CFA Institute Cante, ConParticipants in CFA Institute Programs; anmisrepresenteor exaggeratethe meaning or implications of membership in CFA Institute, StanrVII(B): Responsibilities a CFA Institute Member or CFA Institute Cante, Referento CFA Institute, the CFA signation, anthe CFA Program.Regarng the GIPS stanr anthe performanreport, presenting composite returns on a net-of-fees basis is acceptable unr the GIPS stanr. However, it is not appropriate to aust benchmark returns with a hypotheticfee for comparative purposes (i.e., composite gross-of-fees returns shoulcompareto unaustebenchmark returns). This austment of Langhorne’s performanreport is invaliunr the GIPS stanr unr Section 4.a.1: sclosure—Requirements. The 1.00% hypotheticfee ctefrom benchmark returns is surely greater ththe average fee ctein arriving composite net-of-fees returns. average portfolio size of $60 million implies a composite fee percentage of roughly 0.63%, or: {(0.0100 × $5 million) + [0.0060 × ($60 million − $5 million)]}/$60 million = 0.0063 or 0.63%. So, on a relative basis, cting a larger cost against the benchmark will show Langhorne with a phantom outperformance.In terms of the Co anStanr, a minimum, xon hpresenteinaccurate performancomparison—StanrIII(: ties to Clients, PerformanPresentation—anmhave engagein misrepresentation to the point of misconct—StanrI(: Professionalism, Misconct—sinit mceitful to cast a more favorable light on the Langhorne composite net-of-fees returns (Section 0.A.7 unr Funmentals of Compliance—Requirements of the GIPS stanr).xon’s cover letter invitation for all-expenses paiouting to exclusive golf stination cconstrueattempt to influenthe inpennanobjectivity of the Fountion’s CIO anpresint—StanrI(B): Professionalism, InpennanObjectivity. While xon’s invitation wexten‘regaress of the outcome of the manager search,’ the offer coulinterpretea quipro quo, with future attractive personbenefits available to the Fountion’s executives if a continuing relationship westablishetheir hiring of Langhorne a manager. 请问这道题考的是基础班讲义上的哪个考点？有没有讲解视频？