Fundamental Law of Active Management
Integrating the Building Blocks: Breadth of Expertise A manager may be more or less successful at combining these three sources …
fundamental law
Building Blocks of Active Equity Portfolio Construction
Investors who pursue active management are looking to generate portfolio returns in excess of benchmark returns (adjusted for all costs) …
Module 50.4 LOS 50.e: Using Fundamental Law to Compare Active Strategies
The CFA presents market timing as an alternative strategy to simple security selection. Market timers be on the direction of …
Module 50.3 LOS 50.c: Understand the fundamental law and its components
The information ratio is made up of three components, the information coefficient, which is an ex-ante measure of manager skill. …