Gostudymock3

How to Cram for the CFA L3 Exam

We’re now 30 days away from the exam. 30 days can be a lot of time. Or it can be incredibly short. But whether it feels long or short to you, the fact is it is officially crunch time.

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Gostudymock3

Long-Short Alpha and other testable L3 material

In this super useful email we’re going to describe earning two alphas with a long-short portfolio and related concepts that could be tested. We’ll also throw in a few other concepts that could pop up randomly in a multiple choice context.

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Gostudymock3

If You're Samurai You're Good

A benchmark is vital for evaluating a portfolio manager’s performance against. We covered this first with tracking error/misfit risk. Specifically a benchmark can be used as:

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Gostudymock3

15 Key Topics You need to Know for CFA L3 Morning Exam

We went through every old CFA Institute morning exam from 2006-2014, and picked out the 15 most common themes you should be aware of for the morning section.

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Gostudymock3

When to Add An Investment to a Portfolio

When you’re given an investment’s return, risk, and correlation with your portfolio, how do you tell if you should add it to your portfolio?

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Gostudymock3

Managing Institutional Portfolios - Cram Guide

The required return calculation is usually a mandatory minimum actuarial rate plus inflation and management fees.

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Gostudymock3

Hedge Ratios – CFA L3 Fixed Income Walkthrough

As we know when we are hedging, we come across different sets of risk. The main one of which is basis risk. Basis risk is “the risk that offsetting investments in a hedging strategy will not experience price changes in entirely opposite directions from each other.

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Gostudymock3

CFA L3 Behavioral Finance Cram Guide - Cognitive and Emotional Biases

A 1 page Behavioral Finance Cram Guide covering Cognitive and Emotional Biases for the CFA L3 exam

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Gostudymock3

Corner Portfolios on the CFA L3 - What you need to know (and not) since 2018

You will need to practice corner portfolio problems repeatedly because they will show up on the CFA L3 exam. The good news? The math is straightforward and with practice you should be able to solve these questions quickly and accurately to save time while scoring maximum points.

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Gostudymock3

Avoid Memorization and score points on GIPS for CFA L3

This post is about how to avoid 100+ pages of pure memorization to laser in on the absolute key essentials that could get tested on the CFA Exam Level 3 Global Investment Performance Standards (GIPS).

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