开发者:上海品职教育科技有限公司 隐私政策详情

应用版本:4.2.11(IOS)|3.2.5(安卓)APP下载

Felix Young · 2024年01月22日

确认考点

NO.PZ2023010407000041

问题如下:

Five years after his first meeting with Pua, Greslö monitors a private real estate investment that Pua has held for one year. Until recently, the investment had been managed by a local real estate specialist who had a competitive advantage in this market; the specialist’s strategy was to purchase distressed local residential housing properties, make strategic property improvements, and then sell them. Pua is one of several clients who have invested in this opportunity.

Greslö learns that the specialist recently retired and the investment is now managed by a national real estate company. The company has told investors that it now plans to invest throughout the region in both distressed housing and commercial properties. The company also lengthened the holding period for each investment property from the date of the initial capital call because of the complexity of the property renovations, and it altered the interim profit distribution targets.

Discuss the qualitative risk issues that have most likely materialized over the past year.

选项:

解释:

Pua’s investment has been affected by key person risk as shown by the effect of the management change.

• Style drift has occurred as shown by the change from a local to a regional investment strategy and the expansion of the investment strategy to include commercial properties.

• The risk of the investment has changed owing to the added complexity of the property renovations.

• The longer holding periods and the change in interim profit distribution targets will affect this investment.

• Client/asset turnover following the management change may now affect the performance of the investment.

• The management change may alter the client profile, which could have a negative effect on investment performance.

Qualitative considerations can lead to a better understanding of the revised strategy for the investment and whether this investment remains suitable for Pua. Pua’s investment has been affected by key person risk as shown by the management change from the local manager to a national company. Style drift has occurred as shown by the change from a local to a regional investment strategy and the expansion of the strategy to include commercial properties.

The risk of the investment has changed because of the added complexity of the renovations, and monitoring the company’s risk management will be important for Greslö as she manages Pua’s portfolio. Monitoring of the private real estate investment has revealed discrepancies in the new management strategy of the national company relative to the initial investment strategy of the local manager, including the longer holding periods and the changed interim profit distribution targets. Client/asset turnover following the management change may now significantly affect the performance of the investment. Finally, the change in management may alter the client profile, which could have a negative effect on investment performance.

老师好,请教下这是在考哪个点

1 个答案
已采纳答案

伯恩_品职助教 · 2024年01月22日

嗨,爱思考的PZer你好:


同学你好,是Monitoring the Investment Program


----------------------------------------------
就算太阳没有迎着我们而来,我们正在朝着它而去,加油!

  • 1

    回答
  • 0

    关注
  • 685

    浏览
相关问题

NO.PZ2023010407000041 问题如下 Five years after his first meeting with PuGreslö monitors aprivate reestate investment thPua hhelfor one year. Until recently,the investment hbeen managea locreestate specialist who hacompetitive aantage in this market; the specialist’s strategy wto purchasestresselocresintihousing properties, make strategic propertyimprovements, anthen sell them. Pua is one of severclients who haveinvestein this opportunity. Greslö learns thatthe specialist recently retireanthe investment is now managea nationalreestate company. The company htolinvestors thit now plans to investthroughout the region in both stressehousing ancommerciproperties. Thecompany also lengthenethe holng periofor eainvestment property fromthe te of the initicapitcall because of the complexity of the propertyrenovations, anit alterethe interim profit stribution targets.scuss thequalitative risk issues thhave most likely materializever the past year. Pua’s investment hasbeen affectekey person risk shown the effeof the managementchange.• Style ift hasoccurreshown the change from a locto a regioninvestment strategyanthe expansion of the investment strategy to inclu commerciproperties.• The risk of theinvestment hchangeowing to the aecomplexity of the propertyrenovations.• The longer holngperio anthe change in interim profit stribution targets will affethisinvestment.• Client/assetturnover following the management change mnow affethe performanof theinvestment.• The managementchange malter the client profile, whicoulhave a negative effeoninvestment performance.Qualitativeconsirations cleto a better unrstanng of the revisestrategy forthe investment anwhether this investment remains suitable for PuPua’sinvestment hbeen affectekey person risk shown the managementchange from the locmanager to a nationcompany. Style ift hoccurres shown the change from a locto a regioninvestment strategy antheexpansion of the strategy to inclu commerciproperties.The risk of theinvestment hchangebecause of the aecomplexity of the renovations, anonitoring the company’s risk management will important for Greslö shemanages Pua’s portfolio. Monitoring of the private reestate investment hasrevealescrepancies in the new management strategy of the nationcompanyrelative to the initiinvestment strategy of the locmanager, inclung thelonger holng perio anthe changeinterim profit stribution targets.Client/asset turnover following the management change mnow significantlyaffethe performanof the investment. Finally, the change in management mayalter the client profile, whicoulhave a negative effeon investmentperformance. 李老师说这道题考察知识框架,但是讲经典题的时候给人感觉不是很重要。本题是否需要按照主观题准备,并记忆背诵?

2024-06-23 11:59 1 · 回答