Posts tagged with "CFA Exam"



Pricing an Interest Rate Swap in Simple Terms
To price an interest rate swap (IRS), you find the fixed rate (C) that makes the present value of the fixed leg's cash flows equal to the floating leg's present value. The fixed leg's value is the sum of discounted fixed payments, while the floating leg approximates the notional principal.
Market Finance · 21. September 2024
In portfolio management, understanding "value added" (active return) is key to measuring performance relative to a benchmark. This outperformance is driven by two factors: asset allocation (how assets are distributed across classes) and security selection (the choice of specific assets). By comparing the portfolio’s return to the benchmark’s return, we calculate the total value added. Asset allocation considers how weight differences impact returns, while security selection isolates the effect

The joint F-Statistic in Simple Terms
Statistics · 26. April 2024
Regression analysis is vital for understanding relationships between variables, especially when assessing joint significance among multiple predictors. Using the joint F-statistic to compare restricted and unrestricted models in regression analysis, the null hypothesis assumes that excluded variables in the restricted model collectively have no significant effect on the dependent variable.

About the Author

 

 Florian Campuzan is a graduate of Sciences Po Paris (Economic and Financial section) with a degree in Economics (Money and Finance). A CFA charterholder, he began his career in private equity and venture capital as an investment manager at Natixis before transitioning to market finance as a proprietary trader.

 

In the early 2010s, Florian founded Finance Tutoring, a specialized firm offering training and consulting in market and corporate finance. With over 12 years of experience, he has led finance training programs, advised financial institutions and industrial groups on risk management, and prepared candidates for the CFA exams.

 

Passionate about quantitative finance and the application of mathematics, Florian is dedicated to making complex concepts intuitive and accessible. He believes that mastering any topic begins with understanding its core intuition, enabling professionals and students alike to build a strong foundation for success.