advanced
PMS Advanced — Manager Risk, Performance Attribution & Exit Decisions
Advanced material covering manager-level risk decomposition, attribution analysis, fee-justification math, and the exit decision framework for PMS allocations that have lost their strategic fit.
3 Topics
35 min
9 MCQs
9 FAQs
1
Performance Attribution — Decomposing Manager Skill
PMS performance attribution decomposes total returns into stock selection (security-level alpha), sector allocation (over/underweight calls), and timi...
3 MCQs
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2
When to Exit a PMS — Decision Framework
Exit decisions for PMS allocations follow five triggers: persistent net-of-fee underperformance over 3+ years, strategy drift from stated mandate, sen...
3 MCQs
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3
Fee Justification Math — When PMS Fees Make Sense
PMS fee structures (typically 2-2.5% management + 15-20% performance over 8-12% hurdle) are economically justified when the PMS's gross alpha exceeds ...
3 MCQs
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