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考拉 · 2024年01月19日

原文怎么看出B某推荐的Canada model 是让客户自己用,还是让B所在公司用?

* 问题详情,请 查看题干

NO.PZ202206210200000102

问题如下:

Is Browne most likely correct in her discussion of investment approaches?

选项:

A.Yes B.No, she is incorrect regarding the Canadian model. C.No, she is incorrect regarding the liability-driven investing model.

解释:

Solution

B is correct. The Canadian model does entail a large allocation to alternatives, which can be value enhancing for institutions with long-term horizons and low liquidity needs; however, it requires these institutions to develop the expertise to manage alternative investments in house. Small institutional investors do not have the scale to hire or develop this expertise. Further, Chattahoochee provides investment management for clients and would be unlikely to recommend an approach that leads the client to manage assets in house.

A is incorrect. She is incorrect regarding the Canadian model.

C is incorrect. She is correct that defined benefit pension plans and insurance companies, which focus on generating returns sufficient to pay liabilities, are well suited to using the liability-driven investing model.

我理解Canada model要求Internally managed,小规模基金肯定用不了。对于大规模基金可用,因为小型机构投资者没有规模来雇用或发展这种专业知识。原文怎么看出B某推荐的Canada model 是让客户自己用,还是让B所在公司用?如果是指让B所在公司用,他们有规模效用,也有专家资源,就可以用Canada model 了

1 个答案

lynn_品职助教 · 2024年01月19日

嗨,从没放弃的小努力你好:


我理解Canada model要求Internally managed,小规模基金肯定用不了。对于大规模基金可用,因为小型机构投资者没有规模来雇用或发展这种专业知识。原文怎么看出B某推荐的Canada model 是让客户自己用,还是让B所在公司用?如果是指让B所在公司用,他们有规模效用,也有专家资源,就可以用Canada model 了


Browne他家主要是为小规模的Institutional investors提供服务;也就是小规模的机构投资者可以将一些投资业务外包给Browne;


Browne他家的目标客户是:insurance companies,defined benefit pension funds,endowments and foundations


下来题目就问,以下哪一个因素Least likely影响Browne吸引目标客户的能力。


For our clients with long-term horizons and relatively low liquidity needs, we could recommend the Canadian model, which entails a high exposure to alternative investments. 


没有说外包哈,这句话的意思就是推荐给客户。

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NO.PZ202206210200000102 问题如下 Is Browne most likely correin her scussion of investment approaches? A.Yes B.No, she is incorreregarng the Canamol. C.No, she is incorreregarng the liability-iven investing mol. SolutionB is correct. The Canamol es entail a large allocation to alternatives, whicvalue enhancing for institutions with long-term horizons anlow liquity nee; however, it requires these institutions to velop the expertise to manage alternative investments in house. Small institutioninvestors not have the scale to hire or velop this expertise. Further, Chattahoochee provis investment management for clients anwoulunlikely to recommenapproathlea the client to manage assets in house.A is incorrect. She is incorreregarng the Canamol.C is incorrect. She is correthfinebenefit pension plans aninsurancompanies, whifocus on generating returns sufficient to pliabilities, are well suiteto using the liability-iven investing mol. 所以考试真出现这种问题的技巧在哪。提问问的是表述有没有问题,但并没有说要综合上下文来看。表述上说的cana mol并没毛病。 所以我能不能这么理解 ,原则上利用所有已知信息答题?

2024-01-10 10:34 1 · 回答

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2023-03-26 17:22 2 · 回答

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2023-02-13 21:08 1 · 回答