What is the one topic you hope is not on the exam?

[mbjones21]

Currency Swaps always give me grief

 

[licky]

Constructing option strategies (complicated) with a bunch of calls/puts and then having to calc max payoff etc….

 

[MrSmart]

- Calculating the effective loan EAR on options
- Deferred tax capital gains formula
- Hedge funds
- GIPS (That would be an early Xmas present)
- Managed futures
- Performance attribution (fixed income)

 

[kos]

MrSmart wrote:
- Deferred tax capital gains formula
- GIPS (That would be an early Xmas present)
- Performance attribution (fixed income)

I’m now going to add Rebalancing Bands Math to this list as well. haha

 

[kos]

licky wrote:
Constructing option strategies (complicated) with a bunch of calls/puts and then having to calc max payoff etc….

I actually hope this is on the exam.

 

[knight90]

MrSmart wrote:
- Calculating the effective loan EAR on options

This.. I mess those questions up every time.
Also i wouldnt mind conceptual questions about all of those option strategies like butterfly spreads but quantative questions would be annoying.
Currency Swaps suck too.

 

[MrSmart]

To be honest, all the topics are on par, it’s how they test you for it.
They can make a VAR calculation brutal if they wanted to.
But yea, please no taxes, gifts or ******** bequests.

 

[sunman9]

does anyone have any tips to try to memorize all those tax formulas?
Beside the obvious intutive ones and acrual annual after tax rate, my mind blanks on them?

 

[MrSmart]

knight90 wrote:

MrSmart wrote:
- Calculating the effective loan EAR on options

This.. I mess those questions up every time.
Also i wouldnt mind conceptual questions about all of those option strategies like butterfly spreads but quantative questions would be annoying.
Currency Swaps suck too.

Try as I may, I NEVER get it right.
Currency swaps are time consuming to get the flow chart right, but not too bad usually.

 

[MissYiota]

options

 

[lilJamieDimon]

implementation m f’ing shortfall!

 

[MrSmart]

lilJamieDimon wrote:
implementation m f’ing shortfall!

That’s pretty easy

 

[qhaydenk]

Swaps and swaptions.
I did an IS question today. Amazingly reached the correct answer, although my calculations were completely different than the answer key.

 

[Blackou]

- Managed futures
- Prospect theory
-Bailard,Bhiel and Kaiser Five way model ( straight arrow / adventurer etc..)
-Morning question on the IPS of a Bank (I did not put as much time as for pension/endowmet or insurances)
-GIPS on morning ( it would be ok for PM)

 

[MrSmart]

Blackou wrote:
-Bailard,Bhiel and Kaiser Five way model ( straight arrow / adventurer etc..)
-GIPS on morning ( it would be ok for PM)

Contender for worst scenario.

 

[beertard]

Multi factor models. I can never remember those formulae.

 

[MrSmart]

beertard wrote:
Multi factor models. I can never remember those formulae.

Which formulas you referring to?

 

[beertard]

Factor Covariance matrix stuff. SS7 R15
Mij=bi1bj1Var(F1)+bi2bj2Var(F2)+(bi1bj2+bi2bj1)Cov(F1,F2)
Mii=b2i1Var(F1)+b2i2Var(F2)+2bi1bi2Cov(F1,F2)+Var(εi)

 

[investmentorr]

Ethics - if I wanna play lottery I don’t have to do it on exam day!

 

[Portfolio Manager]

Anything to do with currencies. Anything to do with Ethics.