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NEW QUESTION: 1
Chester Brothers, LLC, is an investment management firm with $200 million in assets under management.
Chester's equity style is described to clients as a "large cap core" strategy. One year ago, Chester instituted a new compensation plan for its equity portfolio managers. Under this new plan, each portfolio manager receives an annual bonus based upon that manager's quarterly performance relative to the S&P
500 index. For each quarter of aut-performance, the manager receives a bonus in the amount of 20% of his regular annual compensation. Chester has not disclosed this new plan to clients. Portfolio managers at Chester are not bound by non-compete agreements.
Fames Rogers, CFA, and Karen Pierce, CFA, are both portfolio managers affected by the new policy.
Rogers out-performed the S&P 500 index in each of the last three quarters, largely because he began investing his clients1 funds in small cap securities. Chester has recently been citing Rogers's performance in local media advertising, including claims that "Chester's star manager, James Rogers, has outperformed the S&P 500 index in each of the last three quarters." The print advertising associated with the media campaign includes a photograph of Rogers, identifying him as James Rogers, CFA. Below his name is a quote apparently attributable to Rogers saying "as a CFA chartcrholdcr I am committed to the highest ethical standards." A few weeks after the advertising campaign began, Rogers was approached by the Grumpp Foundation, a local charitable endowment with $3 billion in assets, about serving on their investment advisory committee.
The committee meets weekly to review the portfolio and make adjustments as needed. The Grumpp trustees were impressed by the favorable mention of Rogers in the marketing campaign. In making their offer, they even suggested that Rogers could mention his position on the advisory committee in future Chester marketing material. Rogers has not informed Chester about the Grumpp offer, but he has not yet accepted the position.
Pierce has not fared as well as Rogers. She also shifted into smaller cap securities, but due to two extremely poor performing large cap stocks, her performance lagged the S&P 500 index for the first three quarters. After an angry confrontation with her supervisor, Pierce resigned. Pierce did not take any client information with her, but when she left she did take a copy of a Pierce has not fared as well as Rogers.
She also shifted into smaller cap securities, but due to two extremely poor performing large cap stocks, her performance lagged the S&P 500 index for the first three quarters. After an angry confrontation with her supervisor, Pierce resigned. Pierce did not take any client information with her, but when she left she did take a copy of a computer model she developed while working al Chester, as well as the most recent list of her buy recommendations, which was created from the output of her computer valuation model. Pierce soon accepted a position at a competing firm, Cheeri Group. On her first day at Cheeri, she contacted each of her five largest former clients, informing them of her new employment and asking that they consider moving their accounts from Chester to Cheeri. During both telephone conversations and e-mails with her former clients, Pierce mentioned that Chester had a new compensation program that created incentives for managers to shift into smaller cap securities.
Cheeri has posted Pierce's investment performance for the past five years on its Web site, excluding the three most recent quarters. The footnotes to the performance information include the following two statements:
Statement 1: Includes large capitalization portfolios only.
Statement 2: Results reflect manager's performance at previous employer.
Cheeri's presentation of Pierce's investment performance is inconsistent with CFA Institute Standards because:
A. the results were not calculated under GIPS.
B. the results misrepresent Pierce's large cap performance.
C. performance from a previous employer should not be included.
Answer: B
Explanation:
Explanation/Reference:
Explanation:
Standard III (D). The problem is that Pierces performance over the last three quarters arose from large cap securities, not small cap securities. Excluding these results misrepresents her ability as a large cap manager. The Standards do not require compliance with GIPS, nor do they require that previous employer results be excluded. Stating results of a specific style, such as large cap, is acceptable if it is accurate.
(Study Session l, LOS2.a)

NEW QUESTION: 2

A. Option A
B. Option D
C. Option B
D. Option C
Answer: A
Explanation:
To let a user manage a content library and its items, an Administrator can assign the Content Library Administrator role to that user as a global permission. The Content Library Administrator role is a sample role in the vSphere Web Client. Users who are Administrators can also manage libraries and their contents. If a user is an Administrator at a vCenter Server level, they have sufficient privileges to manage the libraries that belong to this vCenter Server instance, but cannot see the libraries unless they have a Read-Only role as a global permission.
Reference: http://pubs.vmware.com/vsphere60/index.jsp?topic=%2Fcom.vmware.vsphere.vm_admin.doc%2FGUID-18F4B892-D685-4473AC25-3195D68DFD90.html

NEW QUESTION: 3
Scenario
In this simulation, you have access to ASDM only. Review the various ASA configurations using ASDM then
answer the five multiple choice questions about the ASA SSLVPN configurations.
To access ASDM, click the ASA icon in the topology diagram.
Note: Not all ASDM functionalities are enabled in this simulation.
To see all the menu options available on the left navigation pane, you may also need to un-expand the
expanded menu first.





















































Which for tunneling protocols are enabled in the DfltGrpPolicy group policy? (Choose four)
A. L2TP/IPsec
B. IPsec IKEv1
C. Clientless SSL VPN
D. PPTP
E. SSL VPN Client
F. IPsec IKEv2
Answer: A,B,C,F
Explanation:
Explanation
By clicking one the Configuration-> Remote Access -> Clientless CCL VPN Access-> Group Policies tab you
can view the DfltGrpPolicy protocols as shown below: