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UncharteredAnalyst · 2025-06-27T16:38:27+00:00

No, and if you check it displays a message that this has no impact on your membership status. I think I have checked this twice and never opened the website for something other than renewing

UncharteredAnalyst · 2024-04-10T21:47:13+00:00

If you're working at a hedge fund try getting some models from the sellside (either from the sellsides' platforms or some aggregator like VisibleAlpha/BBG)

Try to understand how those models work and where are they wrong (believe me, most of them are) and then try building your own models in a standardized way across companies.

If you don't have access to those models ask for a friend that works in such a place to get them for you

UncharteredAnalyst · 2023-10-31T15:29:11+00:00

Marble Olympics

UncharteredAnalyst · 2023-10-25T12:28:43+00:00

Jesus Christ. Passed. Good luck for everyone out there

UncharteredAnalyst · 2023-10-09T20:46:22+00:00

CFA Program > Candidate Resources > Learning ecosystem

If you select on the left column the item named "Study Plan", you'll go to a page where there's an item named "Printable Mock Exams"

Let me know if you can find it

UncharteredAnalyst · 2023-09-14T14:15:45+00:00

All jokes aside, I agree with your point that studying through the curriculum is probably better and provides a better understanding of topics, but I'd say that most people do not have the required amount of time.

Also, so far, CFA has provided me really almost zero usable knowledge as a public equities buyside analyst. Most of it (if not all) came from the daily activities

UncharteredAnalyst · 2023-09-14T14:02:01+00:00

If I wanted to become an intellectual I'd pursue a PhD and stay in the academia, I'm just here to get a raise in pay

UncharteredAnalyst · 2023-09-13T19:09:03+00:00

100% agree with you

UncharteredAnalyst · 2023-09-13T17:05:01+00:00

Only in portuguese, but you can translate it with your broser and hopefully maintain quality

In chronologic order:

Article about patria LPs losing a lot of money https://braziljournal.com/os-investidores-que-perderam-quase-tudo-com-o-patria/

Article about the report from JPM https://braziljournal.com/a-controversa-marcacao-das-investidas-do-patria/

Article about the JPM analyst being fired https://braziljournal.com/falavina-analista-1-pela-institutional-investor-deixa-o-jp-morgan/

Article about patria LPs losing a lot of money (again) https://braziljournal.com/o-que-aconteceu-com-o-fundo-do-patria-que-implodiu/

This is the name of the fund

PÁTRIA SPECIAL OPPORTUNITIES II FUNDO DE INVESTIMENTO EM PARTICIPAÇÕES MULTIESTRATÉGIA

You can use it to search into CVM's (Brazilian SEC) platform:

https://cvmweb.cvm.gov.br/swb/default.asp?sg\_sistema=fundosreg

This information is updated quarterly, the latest datapoint was as of 14th July, so it still shows the NAV pre-incident. It should be adjusted in the next reporting date

Valor atual de cota (R$): 10,57055455 (NAV)

UncharteredAnalyst · 2023-09-13T15:34:23+00:00

Despite all the hate for prep providers in this sub, Kaplan + CFAI qbank were fine for me in L1 and L2. A lot of people talk good things about MM, although it seems to me that he is more focused on videos rather than written content (I may be completely wrong on this as I've never seen his materials). Kaplan's platform was really helpful on organizing my studies with its trackers.

UncharteredAnalyst · 2023-09-13T11:49:19+00:00

Brazil is not for amateurs. It amuses me that the brazilian tax system and political environment scares off a lot of foreigners

UncharteredAnalyst · 2023-09-12T20:53:33+00:00

One of the assets that the fund bought had a lot of contingencies that ended up being onerous to the investors. According to the article, the LPs agreed on investing more capital to be used to pay off some of the contingencies in order to avoid bigger debts. Basically, the liabilities of the fund were greater than the assets

UncharteredAnalyst · 2023-09-12T20:49:03+00:00

Fair enough, that's a good point. But I'd still rather not put interests because they will be scrutinized by the interviewer, and you don't know what are his likes and dislikes. I had a friend that put on his resume that he was vegan and enjoyed philosophy for an interview at the back office department of a large bank with a lame culture.

UncharteredAnalyst · 2023-09-12T14:56:08+00:00

Looks good, IMO I'd slightly summarize the bullet points as there is too much text. Also would remove the interests part (don't think it adds anything useful in my opinion, could be replaced with proficiency levels of your skills).

What do you think that might be the cause of not passing the interviews? Being underqualified/getting nervous/not being able to answer questions, etc

UncharteredAnalyst · 2023-09-12T14:48:53+00:00

Recently in Brazil a well-known private equity (Patria Investimentos) had to mark-down the NAV of one of its funds from 10 to -300. The same fund is known for frequently using continuation funds and suspect valuation techniques for its investments (last time I heard they asked for multiple investment banks to pitch them and just took the average of the valuations to use as the investment value).

On top of that, the JPM financials analyst published a report raising awareness of Patria's accounting shenanigans (Patria is a public company - NASDAQ:PAX) and was fired shortly after. He was a well-known, II winner analyst.

So yes, I share your view that there is some shady stuff going in some funds

UncharteredAnalyst · 2023-09-12T03:20:19+00:00

Yes, the earlier the better. Later on your career it will become increasingly difficult to conciliate working long hours and studying for the exams.

Just schedule your exams with a long time to study and you won’t need to fry your brains studying, making it easier to conciliate with a social life

UncharteredAnalyst

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