{"id":10882,"date":"2026-09-22T06:00:00","date_gmt":"2026-09-21T21:00:00","guid":{"rendered":"https:\/\/triumphmind.com\/cfa\/2026\/09\/22\/cfa-l3-perf-lm2\/"},"modified":"2026-09-22T07:44:49","modified_gmt":"2026-09-21T22:44:49","slug":"cfa-l3-perf-lm2","status":"publish","type":"post","link":"https:\/\/triumphmind.com\/cfa\/2026\/09\/22\/cfa-l3-perf-lm2\/","title":{"rendered":"\u3010CFA\u00ae\ufe0e L3 Performance Measurement LM2\u3011Investment Manager Selection \u3092\u8981\u70b9\u89e3\u8aac\uff5c\u30c7\u30e5\u30fc\u30c7\u30ea\u30b8\u30a7\u30f3\u30b9\u30fb\u7b2c1\u7a2e\u3068\u7b2c2\u7a2e\u306e\u904e\u8aa4\u30fb\u30b9\u30bf\u30a4\u30eb\u5206\u6790\u30fb\u6355\u6349\u7387\u30fb\u6210\u529f\u5831\u916c"},"content":{"rendered":"<style>\n.cfalm-los{counter-reset:los;list-style:none;padding:0!important;margin:1em 0!important}\n.cfalm-los li{border:1px solid #d5d9e3;border-left:4px solid #172152;border-radius:4px;padding:.8em 1em!important;margin:0 0 .8em!important;background:#fff}\n.cfalm-los li::before{display:none!important;content:none!important}\n.cfalm-los .ja{display:block;font-weight:bold;color:#172152;line-height:1.6}\n.cfalm-los .en{display:block;font-size:.85em;color:#667;margin-top:.3em;line-height:1.5;word-break:normal!important;overflow-wrap:anywhere}\n.cfalm-sum{background:#f6f7fb;border-radius:6px;padding:1em 1.2em!important;margin:1em 0!important;list-style:none!important}\n.cfalm-sum li{position:relative;margin:.4em 0!important;padding:0 0 0 1.1em!important;line-height:1.7;list-style:none!important}.cfalm-sum li::before{content:\"\"!important;display:block!important;position:absolute!important;left:0!important;top:.7em!important;width:6px!important;height:6px!important;border-radius:50%!important;background:#172152!important;border:none!important;transform:none!important}\n.cfalm-f{background:#f6f7fb;border-left:4px solid #172152;padding:.7em 1em;margin:.8em 0;font-family:\"Menlo\",\"Consolas\",monospace;font-size:.95em;overflow-x:auto}\n.cfalm-nav{background:#f6f7fb;padding:1em 1.2em;border-radius:6px;margin:1em 0;word-break:normal;overflow-wrap:anywhere}\n<\/style>\n<div class=\"box05\">\n<p>Learning Module 2\u300cInvestment Manager Selection\uff08\u904b\u7528\u4f1a\u793e\u306e\u9078\u5b9a\uff09\u300d\u306f\u3001\u904b\u7528\u4f1a\u793e\u306e\u9078\u5b9a\u30d7\u30ed\u30bb\u30b9\u3068\u30c7\u30e5\u30fc\u30c7\u30ea\u30b8\u30a7\u30f3\u30b9\u3001\u63a1\u7528\u30fb\u7d99\u7d9a\u5224\u65ad\u306b\u304a\u3051\u308b\u7b2c1\u7a2e\u30fb\u7b2c2\u7a2e\u306e\u904e\u8aa4\u3001\u30b9\u30bf\u30a4\u30eb\u5206\u6790\u3001\u6355\u6349\u7387\u3068\u30c9\u30ed\u30fc\u30c0\u30a6\u30f3\u3001\u6295\u8cc7\u54f2\u5b66\u3068\u610f\u601d\u6c7a\u5b9a\u30d7\u30ed\u30bb\u30b9\u3001\u30c1\u30fc\u30e0\u306e\u884c\u52d5\u30d0\u30a4\u30a2\u30b9\u3001\u5408\u540c\u904b\u7528\u30d3\u30fc\u30af\u30eb\u3068\u5206\u5225\u53e3\u5ea7\u3001\u904b\u7528\u5951\u7d04\u3068\u6210\u529f\u5831\u916c\u3092\u6271\u3046\u5358\u5143\u3067\u3059\u3002<\/p>\n<p>\u672c\u8a18\u4e8b\u3067\u306f\u3001\u6700\u65b0\u7248\u30ab\u30ea\u30ad\u30e5\u30e9\u30e0\u306eLOS\uff08Learning Outcome Statement\uff09\u3068\u3001\u3053\u306e\u5358\u5143\u306e\u91cd\u8981\u8ad6\u70b9\u3092\u65e5\u672c\u8a9e\u3067\u6574\u7406\u3057\u307e\u3057\u305f\u3002<\/p>\n<\/div>\n<h2>LM2\u306eLOS\uff08\u5b66\u7fd2\u76ee\u6a19\uff09<\/h2>\n<p>LOS\u306f\u3001\u3053\u306e\u5358\u5143\u3067\u300c\u3067\u304d\u308b\u3088\u3046\u306b\u306a\u308b\u3079\u304d\u3053\u3068\u300d\u3068\u3057\u3066\u793a\u3055\u308c\u3066\u3044\u308b\u5b66\u7fd2\u76ee\u6a19\u3067\u3059\u3002LM2\u306b\u306f10\u500b\u306eLOS\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n<ol class=\"cfalm-los\">\n<li><span class=\"ja\">LOS 1\uff1a\u30c7\u30e5\u30fc\u30c7\u30ea\u30b8\u30a7\u30f3\u30b9\u3092\u542b\u3080\u3001\u904b\u7528\u4f1a\u793e\u306e\u9078\u5b9a\u30d7\u30ed\u30bb\u30b9\u306e\u69cb\u6210\u8981\u7d20\u3092\u8aac\u660e\u3059\u308b<\/span><span class=\"en\">describe the components of a manager selection process, including due diligence<\/span><\/li>\n<li><span class=\"ja\">LOS 2\uff1a\u904b\u7528\u4f1a\u793e\u306e\u63a1\u7528\u3068\u7d99\u7d9a\u306e\u5224\u65ad\u306b\u304a\u3051\u308b\u7b2c1\u7a2e\u306e\u904e\u8aa4\u3068\u7b2c2\u7a2e\u306e\u904e\u8aa4\u3092\u5bfe\u6bd4\u3059\u308b<\/span><span class=\"en\">contrast Type I and Type II errors in manager hiring and continuation decisions<\/span><\/li>\n<li><span class=\"ja\">LOS 3\uff1a\u904b\u7528\u4f1a\u793e\u306e\u9078\u5b9a\u306b\u304a\u3051\u308b\u3001\u30ea\u30bf\u30fc\u30f3\u30fb\u30d9\u30fc\u30b9\u3068\u4fdd\u6709\u9298\u67c4\u30d9\u30fc\u30b9\u306e\u30b9\u30bf\u30a4\u30eb\u5206\u6790\u306e\u7528\u9014\u3092\u8aac\u660e\u3059\u308b<\/span><span class=\"en\">describe uses of returns-based and holdings-based style analysis in investment manager selection<\/span><\/li>\n<li><span class=\"ja\">LOS 4\uff1a\u904b\u7528\u4f1a\u793e\u306e\u8a55\u4fa1\u306b\u304a\u3051\u308b\u4e0a\u6607\u6355\u6349\u7387\u3001\u4e0b\u843d\u6355\u6349\u7387\u3001\u6700\u5927\u30c9\u30ed\u30fc\u30c0\u30a6\u30f3\u3001\u30c9\u30ed\u30fc\u30c0\u30a6\u30f3\u671f\u9593\u3001\u4e0a\u6607\u30fb\u4e0b\u843d\u6355\u6349\u306e\u7528\u9014\u3092\u8aac\u660e\u3059\u308b<\/span><span class=\"en\">describe uses of the upside capture ratio, downside capture ratio, maximum drawdown, drawdown duration, and up\/down capture in evaluating managers<\/span><\/li>\n<li><span class=\"ja\">LOS 5\uff1a\u904b\u7528\u4f1a\u793e\u306e\u6295\u8cc7\u54f2\u5b66\u3068\u6295\u8cc7\u610f\u601d\u6c7a\u5b9a\u30d7\u30ed\u30bb\u30b9\u3092\u8a55\u4fa1\u3059\u308b<\/span><span class=\"en\">evaluate a manager\u2019s investment philosophy and investment decision-making process<\/span><\/li>\n<li><span class=\"ja\">LOS 6\uff1a\u884c\u52d5\u8981\u56e0\u304c\u6295\u8cc7\u30c1\u30fc\u30e0\u306e\u610f\u601d\u6c7a\u5b9a\u306b\u3069\u3046\u5f71\u97ff\u3059\u308b\u304b\u3092\u8ad6\u3058\u3001\u305d\u306e\u5f71\u97ff\u3092\u8efd\u6e1b\u3059\u308b\u624b\u6cd5\u3092\u63d0\u8a00\u3059\u308b<\/span><span class=\"en\">discuss how behavioral factors affect investment team decision making, and recommend techniques for mitigating their effects<\/span><\/li>\n<li><span class=\"ja\">LOS 7\uff1a\u5408\u540c\u904b\u7528\u30d3\u30fc\u30af\u30eb\uff08\u30d7\u30fc\u30eb\u578b\uff09\u3068\u5206\u5225\u53e3\u5ea7\u306e\u30b3\u30b9\u30c8\u3068\u30e1\u30ea\u30c3\u30c8\u3092\u8a55\u4fa1\u3059\u308b<\/span><span class=\"en\">evaluate the costs and benefits of pooled investment vehicles and separate accounts<\/span><\/li>\n<li><span class=\"ja\">LOS 8\uff1a\u904b\u7528\u5951\u7d04\u306e\u7a2e\u985e\u3092\u3001\u4e3b\u8981\u306a\u6761\u9805\u3068\u9577\u6240\u30fb\u77ed\u6240\u3092\u542b\u3081\u3066\u6bd4\u8f03\u3059\u308b<\/span><span class=\"en\">compare types of investment manager contracts, including their major provisions and advantages and disadvantages<\/span><\/li>\n<li><span class=\"ja\">LOS 9\uff1a\u6210\u529f\u5831\u916c\u306e3\u3064\u306e\u57fa\u672c\u5f62\u614b\u3092\u8aac\u660e\u3059\u308b<\/span><span class=\"en\">describe the three basic forms of performance-based fees<\/span><\/li>\n<li><span class=\"ja\">LOS 10\uff1a\u6210\u529f\u5831\u916c\u4f53\u7cfb\u306e\u30b5\u30f3\u30d7\u30eb\u3092\u5206\u6790\u30fb\u89e3\u91c8\u3059\u308b<\/span><span class=\"en\">analyze and interpret a sample performance-based fee schedule<\/span><\/li>\n<\/ol>\n<h2>LM2\u306e\u307e\u3068\u3081<\/h2>\n<p>\u3053\u306e\u5358\u5143\u306e\u8981\u70b9\u3092\u307e\u3068\u3081\u308b\u3068\u3001\u6b21\u306e\u3068\u304a\u308a\u3067\u3059\u3002<\/p>\n<ul class=\"cfalm-sum\">\n<li>\u904b\u7528\u4f1a\u793e\u306e\u9078\u5b9a\u3067\u306f\u3001\u904b\u7528\u8005\u304c\u30b9\u30ad\u30eb\u3092\u6301\u3064\u304b\u3001\u305d\u3057\u3066\u4eca\u5f8c\u3082\u30b9\u30ad\u30eb\u3092\u767a\u63ee\u3057\u7d9a\u3051\u308b\u53ef\u80fd\u6027\u304c\u9ad8\u3044\u304b\u3092\u3001\u5b9a\u6027\u30fb\u5b9a\u91cf\u306e\u4e21\u9762\u304b\u3089\u5224\u65ad\u3059\u308b<\/li>\n<li>\u5b9a\u6027\u5206\u6790\u306f\u3001\u6295\u8cc7\u30d7\u30ed\u30bb\u30b9\u30fb\u4eba\u6750\u30fb\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u69cb\u7bc9\u3092\u8a55\u4fa1\u3059\u308b\u6295\u8cc7\u30c7\u30e5\u30fc\u30c7\u30ea\u30b8\u30a7\u30f3\u30b9\u3068\u3001\u7d44\u7e54\u306e\u57fa\u76e4\u3092\u8a55\u4fa1\u3059\u308b\u30aa\u30da\u30ec\u30fc\u30b7\u30e7\u30ca\u30eb\u30fb\u30c7\u30e5\u30fc\u30c7\u30ea\u30b8\u30a7\u30f3\u30b9\u304b\u3089\u306a\u308b<\/li>\n<li>\u7b2c1\u7a2e\u306e\u904e\u8aa4\u306f\u3001\u30b9\u30ad\u30eb\u306e\u306a\u3044\u904b\u7528\u8005\u3092\u63a1\u7528\u30fb\u7d99\u7d9a\u3059\u308b\u3053\u3068\u3002\u7b2c2\u7a2e\u306e\u904e\u8aa4\u306f\u3001\u30b9\u30ad\u30eb\u306e\u3042\u308b\u904b\u7528\u8005\u3092\u63a1\u7528\u3057\u306a\u3044\u3001\u307e\u305f\u306f\u89e3\u7d04\u3059\u308b\u3053\u3068<\/li>\n<li>\u9078\u5b9a\u30d7\u30ed\u30bb\u30b9\u306f\u3001\u5019\u88dc\u306e\u30e6\u30cb\u30d0\u30fc\u30b9\u3001\u5b9f\u7e3e\u306e\u5b9a\u91cf\u5206\u6790\u3001\u6295\u8cc7\u30d7\u30ed\u30bb\u30b9\u306e\u5b9a\u6027\u5206\u6790\u306e3\u3064\u306e\u8981\u7d20\u304b\u3089\u306a\u308b<\/li>\n<li>\u6355\u6349\u7387\u6bd4\uff08\u4e0a\u6607\u6355\u6349\u7387\u00f7\u4e0b\u843d\u6355\u6349\u7387\uff09\u306f\u30ea\u30bf\u30fc\u30f3\u306e\u975e\u5bfe\u79f0\u6027\u3092\u793a\u3057\u30011\u3092\u8d85\u3048\u308c\u3070\u4e0a\u6607\u5c40\u9762\u306b\u3088\u308a\u591a\u304f\u53c2\u52a0\u3057\u3066\u3044\u308b\u3053\u3068\u3092\u793a\u3059\u3002\u30c9\u30ed\u30fc\u30c0\u30a6\u30f3\u306f\u9023\u7d9a\u3057\u305f\u30de\u30a4\u30ca\u30b9\u671f\u9593\u306e\u640d\u5931<\/li>\n<li>\u6295\u8cc7\u54f2\u5b66\u306f\u30d7\u30ed\u30bb\u30b9\u306e\u571f\u53f0\u3067\u3042\u308a\u3001\u30d7\u30ed\u30bb\u30b9\u306f\u54f2\u5b66\u3068\u6574\u5408\u3057\u3001\u62c5\u5f53\u8005\u306f\u305d\u308c\u3092\u5b9f\u884c\u3059\u308b\u5c02\u9580\u6027\u3092\u5099\u3048\u3066\u3044\u308b\u5fc5\u8981\u304c\u3042\u308b<\/li>\n<li>\u30ea\u30bf\u30fc\u30f3\u30fb\u30d9\u30fc\u30b9\u306e\u30b9\u30bf\u30a4\u30eb\u5206\u6790\u306f\u7c21\u4fbf\u3067\u6bd4\u8f03\u3057\u3084\u3059\u3044\u304c\u7cbe\u5ea6\u304c\u4f4e\u304f\u3001\u4fdd\u6709\u9298\u67c4\u30d9\u30fc\u30b9\u306f\u6b63\u78ba\u3060\u304c\u30c7\u30fc\u30bf\u3068\u900f\u660e\u6027\u306b\u4f9d\u5b58\u3059\u308b<\/li>\n<li>\u5831\u916c\u306f\u8cc7\u7523\u6b8b\u9ad8\u306b\u6bd4\u4f8b\u3059\u308b\u56fa\u5b9a\u5831\u916c\u3068\u6210\u529f\u5831\u916c\u306b\u5927\u5225\u3055\u308c\u3001\u6210\u529f\u5831\u916c\u306f\u904b\u7528\u8005\u3068\u6295\u8cc7\u5bb6\u306e\u5229\u5bb3\u3092\u4e00\u81f4\u3055\u305b\u308b\u304c\u3001\u8a2d\u8a08\u3092\u8aa4\u308b\u3068\u30ea\u30b9\u30af\u884c\u52d5\u3092\u3086\u304c\u3081\u308b<\/li>\n<\/ul>\n<p>\u4ee5\u4e0b\u3001LOS\u3054\u3068\u306b\u91cd\u8981\u8ad6\u70b9\u3092\u6574\u7406\u3057\u307e\u3059\u3002<\/p>\n<h3>LOS 1\uff1a\u904b\u7528\u4f1a\u793e\u306e\u9078\u5b9a\u30d7\u30ed\u30bb\u30b9\u3068\u30c7\u30e5\u30fc\u30c7\u30ea\u30b8\u30a7\u30f3\u30b9<\/h3>\n<p>\u9078\u5b9a\u30d7\u30ed\u30bb\u30b9\u306f<strong>\u30e6\u30cb\u30d0\u30fc\u30b9\u306e\u8a2d\u5b9a\u3001\u5b9a\u91cf\u5206\u6790\u3001\u5b9a\u6027\u5206\u6790<\/strong>\u304b\u3089\u306a\u308a\u3001\u5b9a\u6027\u5206\u6790\u306b\u306f<strong>\u6295\u8cc7\u30c7\u30e5\u30fc\u30c7\u30ea\u30b8\u30a7\u30f3\u30b9<\/strong>\u3068<strong>\u30aa\u30da\u30ec\u30fc\u30b7\u30e7\u30ca\u30eb\u30fb\u30c7\u30e5\u30fc\u30c7\u30ea\u30b8\u30a7\u30f3\u30b9<\/strong>\u304c\u542b\u307e\u308c\u307e\u3059\u3002\u63a1\u7528\u5f8c\u3082\u30e2\u30cb\u30bf\u30ea\u30f3\u30b0\u3092\u7d9a\u3051\u307e\u3059\u3002<\/p>\n<ul>\n<li>\u30e6\u30cb\u30d0\u30fc\u30b9\uff1aIPS\u306b\u6cbf\u3063\u305f\u6226\u7565\u30fb\u30d9\u30f3\u30c1\u30de\u30fc\u30af\u3067\u5019\u88dc\u3092\u7d5e\u308b<\/li>\n<li>\u5b9a\u91cf\u5206\u6790\uff1a\u5b9f\u7e3e\u3001\u30ea\u30b9\u30af\u3001\u30b9\u30bf\u30a4\u30eb\u3001\u8981\u56e0\u5206\u6790<\/li>\n<li>\u6295\u8cc7\u30c7\u30e5\u30fc\u30c7\u30ea\u30b8\u30a7\u30f3\u30b9\uff1a\u6295\u8cc7\u54f2\u5b66\u3001\u30d7\u30ed\u30bb\u30b9\u3001\u4eba\u6750\u3001\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u69cb\u7bc9<\/li>\n<li>\u30aa\u30da\u30ec\u30fc\u30b7\u30e7\u30ca\u30eb\u30fb\u30c7\u30e5\u30fc\u30c7\u30ea\u30b8\u30a7\u30f3\u30b9\uff1a\u7d44\u7e54\u3001\u696d\u52d9\u4f53\u5236\u3001\u30b3\u30f3\u30d7\u30e9\u30a4\u30a2\u30f3\u30b9\u3001\u30d3\u30fc\u30af\u30eb\u3068\u5951\u7d04\u6761\u4ef6<\/li>\n<li>\u63a1\u7528\u5f8c\u306e\u30e2\u30cb\u30bf\u30ea\u30f3\u30b0\u3068\u7d99\u7d9a\u5224\u65ad<\/li>\n<\/ul>\n<h3>LOS 2\uff1a\u7b2c1\u7a2e\u306e\u904e\u8aa4\u3068\u7b2c2\u7a2e\u306e\u904e\u8aa4<\/h3>\n<p>\u5e30\u7121\u4eee\u8aac\u3092\u300c\u904b\u7528\u8005\u306b\u30b9\u30ad\u30eb\u304c\u306a\u3044\u300d\u3068\u3059\u308b\u3068\u3001<strong>\u7b2c1\u7a2e\u306e\u904e\u8aa4<\/strong>\u306f\u30b9\u30ad\u30eb\u306e\u306a\u3044\u904b\u7528\u8005\u3092\u63a1\u7528\u30fb\u7d99\u7d9a\u3059\u308b\u3053\u3068\u3001<strong>\u7b2c2\u7a2e\u306e\u904e\u8aa4<\/strong>\u306f\u30b9\u30ad\u30eb\u306e\u3042\u308b\u904b\u7528\u8005\u3092\u63a1\u7528\u3057\u306a\u3044\u30fb\u89e3\u7d04\u3059\u308b\u3053\u3068\u3067\u3059\u3002<\/p>\n<ul>\n<li>\u7b2c1\u7a2e\uff1a\u5e30\u7121\u4eee\u8aac\u304c\u6b63\u3057\u3044\u306e\u306b\u68c4\u5374\u3059\u308b\uff08\u30b9\u30ad\u30eb\u306a\u3057\u3092\u63a1\u7528\uff09<\/li>\n<li>\u7b2c2\u7a2e\uff1a\u5e30\u7121\u4eee\u8aac\u304c\u8aa4\u308a\u306a\u306e\u306b\u68c4\u5374\u3057\u306a\u3044\uff08\u30b9\u30ad\u30eb\u3042\u308a\u3092\u4e0d\u63a1\u7528\uff09<\/li>\n<li>\u7b2c1\u7a2e\u306f\u76ee\u306b\u898b\u3048\u3084\u3059\u304f\u3001\u6295\u8cc7\u5bb6\u306f\u7b2c1\u7a2e\u3092\u5f37\u304f\u907f\u3051\u304c\u3061<\/li>\n<li>\u7b2c2\u7a2e\u306e\u30b3\u30b9\u30c8\u306f\u898b\u3048\u306b\u304f\u3044\u304c\u3001\u983b\u7e41\u306a\u5165\u66ff\u3048\u306f\u53d6\u5f15\u30b3\u30b9\u30c8\u3092\u751f\u3080<\/li>\n<li>\u77ed\u671f\u306e\u6210\u7e3e\u3060\u3051\u3067\u306f\u904b\u3068\u30b9\u30ad\u30eb\u306e\u533a\u5225\u304c\u96e3\u3057\u3044<\/li>\n<\/ul>\n<h3>LOS 3\uff1a\u30ea\u30bf\u30fc\u30f3\u30fb\u30d9\u30fc\u30b9\u3068\u4fdd\u6709\u9298\u67c4\u30d9\u30fc\u30b9\u306e\u30b9\u30bf\u30a4\u30eb\u5206\u6790<\/h3>\n<p><strong>\u30ea\u30bf\u30fc\u30f3\u30fb\u30d9\u30fc\u30b9\u306e\u30b9\u30bf\u30a4\u30eb\u5206\u6790\uff08RBSA\uff09<\/strong>\u306f\u30ea\u30bf\u30fc\u30f3\u7cfb\u5217\u304b\u3089\u63a8\u5b9a\u3059\u308b\u30c8\u30c3\u30d7\u30c0\u30a6\u30f3\u578b\u3001<strong>\u4fdd\u6709\u9298\u67c4\u30d9\u30fc\u30b9\uff08HBSA\uff09<\/strong>\u306f\u4fdd\u6709\u9298\u67c4\u304b\u3089\u63a8\u5b9a\u3059\u308b\u30dc\u30c8\u30e0\u30a2\u30c3\u30d7\u578b\u3067\u3059\u3002\u9069\u5207\u306a\u30e6\u30cb\u30d0\u30fc\u30b9\u3068\u30d9\u30f3\u30c1\u30de\u30fc\u30af\u306e\u7279\u5b9a\u3084\u30b9\u30bf\u30a4\u30eb\u30fb\u30c9\u30ea\u30d5\u30c8\u306e\u78ba\u8a8d\u306b\u4f7f\u3044\u307e\u3059\u3002<\/p>\n<ul>\n<li>RBSA\uff1a\u7c21\u4fbf\u3067\u3001\u8907\u96d1\u306a\u6226\u7565\u306b\u3082\u9069\u7528\u3067\u304d\u3001\u6bd4\u8f03\u53ef\u80fd\u6027\u304c\u9ad8\u3044<\/li>\n<li>RBSA\uff1a\u671f\u9593\u5e73\u5747\u306e\u4e0d\u5909\u306e\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u3068\u307f\u306a\u3059\u305f\u3081\u7cbe\u5ea6\u304c\u4f4e\u3044<\/li>\n<li>HBSA\uff1a\u73fe\u5728\u306e\u30ea\u30b9\u30af\u30fb\u30a8\u30af\u30b9\u30dd\u30fc\u30b8\u30e3\u30fc\u3092\u6b63\u78ba\u306b\u628a\u63e1\u3067\u304d\u308b<\/li>\n<li>HBSA\uff1a\u8a08\u7b97\u306e\u8ca0\u62c5\u3001\u904b\u7528\u8005\u306e\u958b\u793a\u3078\u306e\u4f9d\u5b58\u3001\u53e4\u3044\u4fa1\u683c\u3084\u30a6\u30a3\u30f3\u30c9\u30a6\u30fb\u30c9\u30ec\u30c3\u30b7\u30f3\u30b0\u306e\u5f71\u97ff<\/li>\n<li>\u4e21\u8005\u306e\u7d50\u679c\u306e\u98df\u3044\u9055\u3044\u306f\u30b9\u30bf\u30a4\u30eb\u30fb\u30c9\u30ea\u30d5\u30c8\u306e\u624b\u304c\u304b\u308a<\/li>\n<\/ul>\n<h3>LOS 4\uff1a\u6355\u6349\u7387\u3068\u30c9\u30ed\u30fc\u30c0\u30a6\u30f3\u306b\u3088\u308b\u904b\u7528\u8005\u306e\u8a55\u4fa1<\/h3>\n<p><strong>\u4e0a\u6607\u30fb\u4e0b\u843d\u6355\u6349\u7387<\/strong>\u306f\u3001\u5e02\u5834\u306e\u4e0a\u6607\u5c40\u9762\u3068\u4e0b\u843d\u5c40\u9762\u3067\u30d9\u30f3\u30c1\u30de\u30fc\u30af\u306b\u5bfe\u3057\u3066\u3069\u308c\u3060\u3051\u306e\u30ea\u30bf\u30fc\u30f3\u3092\u5f97\u305f\u304b\u3092\u793a\u3057\u307e\u3059\u3002<strong>\u30c9\u30ed\u30fc\u30c0\u30a6\u30f3<\/strong>\u306f\u640d\u5931\u306e\u5927\u304d\u3055\u3068\u56de\u5fa9\u307e\u3067\u306e\u671f\u9593\u3092\u793a\u3057\u3001\u30ea\u30b9\u30af\u306e\u975e\u5bfe\u79f0\u6027\u3092\u628a\u63e1\u3067\u304d\u307e\u3059\u3002<\/p>\n<ul>\n<li>\u4e0a\u6607\u6355\u6349\u7387\uff1a\u30d9\u30f3\u30c1\u30de\u30fc\u30af\u4e0a\u6607\u671f\u306e\u904b\u7528\u30ea\u30bf\u30fc\u30f3\u00f7\u30d9\u30f3\u30c1\u30de\u30fc\u30af\u30fb\u30ea\u30bf\u30fc\u30f3<\/li>\n<li>\u4e0b\u843d\u6355\u6349\u7387\uff1a\u30d9\u30f3\u30c1\u30de\u30fc\u30af\u4e0b\u843d\u671f\u306e\u540c\u69d8\u306e\u6bd4\u7387\uff08\u5c0f\u3055\u3044\u307b\u3069\u4e0b\u843d\u306b\u5f37\u3044\uff09<\/li>\n<li>\u6355\u6349\u7387\u6bd4\uff08\u4e0a\u6607\u00f7\u4e0b\u843d\uff09\u304c1\u3092\u8d85\u3048\u308c\u3070\u3001\u4e0a\u6607\u5c40\u9762\u306b\u3088\u308a\u591a\u304f\u53c2\u52a0<\/li>\n<li>\u6700\u5927\u30c9\u30ed\u30fc\u30c0\u30a6\u30f3\uff1a\u30d4\u30fc\u30af\u304b\u3089\u8c37\u307e\u3067\u306e\u6700\u5927\u4e0b\u843d\u7387<\/li>\n<li>\u30c9\u30ed\u30fc\u30c0\u30a6\u30f3\u671f\u9593\uff1a\u640d\u5931\u304b\u3089\u306e\u56de\u5fa9\u306b\u8981\u3057\u305f\u671f\u9593<\/li>\n<\/ul>\n<div class=\"cfalm-f\">\u6355\u6349\u7387\u6bd4 = \u4e0a\u6607\u6355\u6349\u7387 \/ \u4e0b\u843d\u6355\u6349\u7387<\/div>\n<h3>LOS 5\uff1a\u6295\u8cc7\u54f2\u5b66\u3068\u6295\u8cc7\u610f\u601d\u6c7a\u5b9a\u30d7\u30ed\u30bb\u30b9\u306e\u8a55\u4fa1<\/h3>\n<p><strong>\u6295\u8cc7\u54f2\u5b66<\/strong>\u306f\u3001\u30ea\u30bf\u30fc\u30f3\u306e\u6e90\u6cc9\u3068\u306a\u308b\u5e02\u5834\u306e\u975e\u52b9\u7387\u6027\u3068\u3001\u305d\u308c\u3092\u6d3b\u7528\u3067\u304d\u308b\u3068\u3044\u3046\u904b\u7528\u8005\u306e\u4fe1\u5ff5\u3067\u3059\u3002\u30d7\u30ed\u30bb\u30b9\u304c\u54f2\u5b66\u3068\u6574\u5408\u3057\u3001\u4eba\u6750\u304c\u305d\u308c\u3092\u5b9f\u884c\u3067\u304d\u308b\u304b\u3092\u8a55\u4fa1\u3057\u307e\u3059\u3002<\/p>\n<ul>\n<li>\u30a8\u30c3\u30b8\u306e\u6e90\u6cc9\uff1a\u60c5\u5831\u3001\u5206\u6790\u3001\u884c\u52d5\u9762\u306e\u975e\u52b9\u7387\u6027\u306a\u3069\u3001\u306a\u305c\u6301\u7d9a\u3059\u308b\u306e\u304b<\/li>\n<li>\u30d7\u30ed\u30bb\u30b9\uff1a\u9298\u67c4\u306e\u767a\u6398\u3001\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u69cb\u7bc9\u3001\u58f2\u5374\u306e\u898f\u5f8b\u3001\u30ea\u30b9\u30af\u7ba1\u7406<\/li>\n<li>\u54f2\u5b66\u30fb\u30d7\u30ed\u30bb\u30b9\u30fb\u5b9f\u7e3e\u306e\u4e00\u8cab\u6027<\/li>\n<li>\u5e02\u5834\u74b0\u5883\u3054\u3068\u306b\u6226\u7565\u304c\u3069\u3046\u632f\u308b\u821e\u3046\u304b\u306e\u7406\u89e3<\/li>\n<li>\u62c5\u5f53\u8005\u306e\u7d4c\u9a13\u3068\u5c02\u9580\u6027\u3001\u4f53\u5236\u306e\u5b89\u5b9a\u6027<\/li>\n<\/ul>\n<h3>LOS 6\uff1a\u6295\u8cc7\u30c1\u30fc\u30e0\u306e\u884c\u52d5\u30d0\u30a4\u30a2\u30b9\u3068\u5bfe\u7b56<\/h3>\n<p>\u6295\u8cc7\u306e\u5224\u65ad\u306f\u500b\u4eba\u3067\u306f\u306a\u304f\u30c1\u30fc\u30e0\u3067\u884c\u308f\u308c\u308b\u3053\u3068\u304c\u591a\u304f\u3001\u30c1\u30fc\u30e0\u3082<strong>\u884c\u52d5\u30d0\u30a4\u30a2\u30b9<\/strong>\u306e\u5f71\u97ff\u3092\u53d7\u3051\u307e\u3059\u3002\u30d0\u30a4\u30a2\u30b9\u3092\u8efd\u6e1b\u3059\u308b\u624b\u7d9a\u304d\u3092\u5099\u3048\u3066\u3044\u308b\u304b\u3092\u30c7\u30e5\u30fc\u30c7\u30ea\u30b8\u30a7\u30f3\u30b9\u3067\u78ba\u8a8d\u3057\u307e\u3059\u3002<\/p>\n<ul>\n<li>\u96c6\u56e3\u6d45\u616e\uff08\u30b0\u30eb\u30fc\u30d7\u30b7\u30f3\u30af\uff09\u3001\u81ea\u4fe1\u904e\u5270\u3001\u78ba\u8a3c\u30d0\u30a4\u30a2\u30b9\u306a\u3069<\/li>\n<li>\u6709\u529b\u8005\u306e\u610f\u898b\u3078\u306e\u540c\u8abf<\/li>\n<li>\u5bfe\u7b56\uff1a\u591a\u69d8\u306a\u30e1\u30f3\u30d0\u30fc\u69cb\u6210\u3001\u53cd\u5bfe\u610f\u898b\u3092\u51fa\u3059\u5f79\u5272\u3001\u69cb\u9020\u5316\u3055\u308c\u305f\u610f\u601d\u6c7a\u5b9a\u624b\u9806<\/li>\n<li>\u5224\u65ad\u306e\u8a18\u9332\u3068\u4e8b\u5f8c\u691c\u8a3c<\/li>\n<li>\u30c1\u30fc\u30e0\u306e\u898f\u6a21\u30fb\u69cb\u6210\u30fb\u610f\u601d\u6c7a\u5b9a\u65b9\u6cd5\u3092\u78ba\u8a8d<\/li>\n<\/ul>\n<h3>LOS 7\uff1a\u5408\u540c\u904b\u7528\u30d3\u30fc\u30af\u30eb\u3068\u5206\u5225\u53e3\u5ea7<\/h3>\n<p><strong>\u5206\u5225\u53e3\u5ea7\uff08separate account\uff09<\/strong>\u306f\u6295\u8cc7\u5bb6\u304c\u8cc7\u7523\u3092\u76f4\u63a5\u4fdd\u6709\u3057\u3001\u30ab\u30b9\u30bf\u30de\u30a4\u30ba\u3084\u7a0e\u52b9\u7387\u306b\u512a\u308c\u307e\u3059\u304c\u3001\u30b3\u30b9\u30c8\u304c\u9ad8\u304f\u306a\u308a\u307e\u3059\u3002<strong>\u5408\u540c\u904b\u7528\u30d3\u30fc\u30af\u30eb<\/strong>\u306f\u4f4e\u30b3\u30b9\u30c8\u3067\u3059\u304c\u3001\u67d4\u8edf\u6027\u304c\u4f4e\u304f\u306a\u308a\u307e\u3059\u3002<\/p>\n<ul>\n<li>\u5206\u5225\u53e3\u5ea7\uff1a\u8cc7\u7523\u306e\u6240\u6709\u3001\u900f\u660e\u6027\u3001\u30ab\u30b9\u30bf\u30de\u30a4\u30ba\u3001\u7a0e\u52d9\u4e0a\u306e\u7ba1\u7406\u304c\u53ef\u80fd<\/li>\n<li>\u5206\u5225\u53e3\u5ea7\uff1a\u8cbb\u7528\u304c\u9ad8\u304f\u3001\u6295\u8cc7\u5bb6\u5074\u306b\u3082\u7ba1\u7406\u306e\u8ca0\u62c5<\/li>\n<li>\u5408\u540c\u904b\u7528\uff1a\u4f4e\u30b3\u30b9\u30c8\u3001\u5c0f\u53e3\u3067\u3082\u5229\u7528\u3057\u3084\u3059\u3044<\/li>\n<li>\u5408\u540c\u904b\u7528\uff1a\u4ed6\u306e\u6295\u8cc7\u5bb6\u306e\u8cc7\u91d1\u79fb\u52d5\u306e\u5f71\u97ff\u3001\u30ab\u30b9\u30bf\u30de\u30a4\u30ba\u4e0d\u53ef<\/li>\n<li>\u5224\u65ad\u57fa\u6e96\uff1a\u6295\u8cc7\u30d7\u30ed\u30bb\u30b9\u3068\u306e\u6574\u5408\u6027\u3001IPS\u3078\u306e\u9069\u5408\u6027\u3001\u8ffd\u52a0\u30b3\u30b9\u30c8\u306b\u898b\u5408\u3046\u30e1\u30ea\u30c3\u30c8<\/li>\n<\/ul>\n<h3>LOS 8\uff1a\u904b\u7528\u5951\u7d04\u306e\u7a2e\u985e\u3068\u4e3b\u8981\u6761\u9805<\/h3>\n<p>\u76ee\u8ad6\u898b\u66f8\u3001\u79c1\u52df\u306e\u899a\u66f8\u3001\u30ea\u30df\u30c6\u30c3\u30c9\u30fb\u30d1\u30fc\u30c8\u30ca\u30fc\u30b7\u30c3\u30d7\u5951\u7d04\u306a\u3069\u304c\u3001\u6295\u8cc7\u5bb6\u3068\u904b\u7528\u8005\u306e<strong>\u6a29\u5229\u3068\u7fa9\u52d9<\/strong>\u3092\u5b9a\u3081\u308b\u5951\u7d04\u306b\u3042\u305f\u308a\u307e\u3059\u3002\u4e3b\u8981\u306a\u6761\u9805\u306f<strong>\u6d41\u52d5\u6027\u6761\u4ef6\u3068\u5831\u916c<\/strong>\u3067\u3059\u3002<\/p>\n<ul>\n<li>\u6d41\u52d5\u6027\u6761\u4ef6\uff1a\u30ed\u30c3\u30af\u30a2\u30c3\u30d7\u3001\u89e3\u7d04\u306e\u983b\u5ea6\u3068\u901a\u77e5\u671f\u9593\u3001\u30b2\u30fc\u30c8<\/li>\n<li>\u6d41\u52d5\u6027\u304c\u4f4e\u3044\u3068\u6295\u8cc7\u5bb6\u306e\u914d\u5206\u5909\u66f4\u306e\u67d4\u8edf\u6027\u304c\u4e0b\u304c\u308b<\/li>\n<li>\u4e00\u65b9\u3067\u904b\u7528\u8005\u306f\u9577\u671f\u8996\u70b9\u3067\u6d41\u52d5\u6027\u306e\u4f4e\u3044\u8cc7\u7523\u3092\u4fdd\u6709\u3057\u3084\u3059\u3044<\/li>\n<li>\u904b\u7528\u5831\u916c\u306f\u5b9f\u73fe\u30ea\u30bf\u30fc\u30f3\u306e\u6c34\u6e96\u3092\u4e0b\u3052\u308b\u304c\u6a19\u6e96\u504f\u5dee\u306f\u5909\u3048\u306a\u3044<\/li>\n<li>\u6210\u529f\u5831\u916c\u306f\u5b9f\u73fe\u30ea\u30bf\u30fc\u30f3\u306e\u6a19\u6e96\u504f\u5dee\u3082\u4e0b\u3052\u308b\u3002\u5831\u916c\u306f\u7dda\u5f62\u306b\u8fd1\u3044\u65b9\u304c\u671b\u307e\u3057\u3044<\/li>\n<\/ul>\n<h3>LOS 9\uff1a\u6210\u529f\u5831\u916c\u306e\u57fa\u672c\u5f62\u614b<\/h3>\n<p>\u6210\u529f\u5831\u916c\u306f\u3001\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u306e\u30ea\u30bf\u30fc\u30f3\u3084\u30d9\u30f3\u30c1\u30de\u30fc\u30af\u30fb\u30cf\u30fc\u30c9\u30eb\u3092\u8d85\u3048\u305f\u30ea\u30bf\u30fc\u30f3\u306e\u4e00\u5b9a\u5272\u5408\u3092\u5831\u916c\u3068\u3057\u307e\u3059\u3002<strong>\u6210\u679c\u306e\u4e0a\u4e0b\u306b\u5bfe\u79f0\u306a\u5831\u916c<\/strong>\u304b\u3001<strong>\u597d\u6210\u7e3e\u6642\u306e\u307f\u4e0a\u4e57\u305b\u3055\u308c\u308b\u5831\u916c<\/strong>\u304b\u3067\u904b\u7528\u8005\u306e\u30a4\u30f3\u30bb\u30f3\u30c6\u30a3\u30d6\u304c\u5909\u308f\u308a\u307e\u3059\u3002<\/p>\n<ul>\n<li>\u5bfe\u79f0\u578b\uff1a\u597d\u6210\u7e3e\u3067\u3082\u4e0d\u6210\u7e3e\u3067\u3082\u5831\u916c\u304c\u5897\u6e1b\u3059\u308b<\/li>\n<li>\u30dc\u30fc\u30ca\u30b9\u578b\uff1a\u56fa\u5b9a\u5831\u916c\u306b\u3001\u30d7\u30e9\u30b9\u306e\u6210\u679c\u306e\u4e00\u90e8\u3092\u4e0a\u4e57\u305b\uff08\u30aa\u30d7\u30b7\u30e7\u30f3\u7684\uff09<\/li>\n<li>\u591a\u304f\u306e\u904b\u7528\u8005\u306f\u4e8b\u696d\u7d99\u7d9a\u306e\u305f\u3081\u56fa\u5b9a\u5831\u916c\u3082\u4f75\u305b\u3066\u53d7\u3051\u53d6\u308b<\/li>\n<li>\u30cf\u30fc\u30c9\u30eb\u30fb\u30ec\u30fc\u30c8\u3001\u30cf\u30a4\u30fb\u30a6\u30a9\u30fc\u30bf\u30fc\u30fb\u30de\u30fc\u30af\u3001\u4e0a\u9650\u3001\u30af\u30ed\u30fc\u30d0\u30c3\u30af\u306a\u3069\u306e\u6761\u9805<\/li>\n<li>\u975e\u5bfe\u79f0\u306a\u5831\u916c\u306f\u904b\u7528\u8005\u306e\u30ea\u30b9\u30af\u30fb\u30c6\u30a4\u30af\u3092\u4fc3\u3057\u5f97\u308b<\/li>\n<\/ul>\n<h3>LOS 10\uff1a\u6210\u529f\u5831\u916c\u4f53\u7cfb\u306e\u5206\u6790\u3068\u89e3\u91c8<\/h3>\n<p>\u5831\u916c\u4f53\u7cfb\u3092\u5206\u6790\u3059\u308b\u969b\u306f\u3001\u30ea\u30bf\u30fc\u30f3\u306e\u6c34\u6e96\u3054\u3068\u306b<strong>\u904b\u7528\u8005\u3068\u6295\u8cc7\u5bb6\u306e\u53d6\u308a\u5206<\/strong>\u304c\u3069\u3046\u5909\u308f\u308b\u304b\u3092\u78ba\u8a8d\u3057\u307e\u3059\u3002\u3069\u3061\u3089\u304b\u4e00\u65b9\u306b\u504f\u3089\u306a\u3044\u8a2d\u8a08\u304b\u304c\u8a55\u4fa1\u306e\u8ef8\u3067\u3059\u3002<\/p>\n<ul>\n<li>\u56fa\u5b9a\u5831\u916c\u3068\u6210\u529f\u5831\u916c\u306e\u7d44\u307f\u5408\u308f\u305b\u306b\u3088\u308b\u30cd\u30c3\u30c8\u30fb\u30ea\u30bf\u30fc\u30f3\u306e\u5909\u5316<\/li>\n<li>\u30cf\u30fc\u30c9\u30eb\u306e\u6709\u7121\u3068\u7a2e\u985e\uff08\u8d85\u904e\u5206\u306e\u307f\u304b\u30ad\u30e3\u30c3\u30c1\u30a2\u30c3\u30d7\u4ed8\u304d\u304b\uff09<\/li>\n<li>\u30cf\u30a4\u30fb\u30a6\u30a9\u30fc\u30bf\u30fc\u30fb\u30de\u30fc\u30af\uff1a\u904e\u53bb\u306e\u640d\u5931\u3092\u56de\u5fa9\u3059\u308b\u307e\u3067\u6210\u529f\u5831\u916c\u306a\u3057<\/li>\n<li>\u5831\u916c\u306e\u975e\u5bfe\u79f0\u6027\u3068\u30ea\u30b9\u30af\u30fb\u30c6\u30a4\u30af\u306e\u30a4\u30f3\u30bb\u30f3\u30c6\u30a3\u30d6<\/li>\n<li>\u6295\u8cc7\u5bb6\u306e\u30cd\u30c3\u30c8\u30fb\u30ea\u30bf\u30fc\u30f3\u3068\u904b\u7528\u8005\u306e\u5831\u916c\u306e\u6bd4\u7387<\/li>\n<\/ul>\n<h2>\u52b9\u7387\u3088\u304f\u5b66\u3076\u306b\u306f FA-Academy<\/h2>\n<p>CFA\u00ae\ufe0e\u306e\u5354\u4f1a\u30c6\u30ad\u30b9\u30c8\u306f\u82f1\u8a9e\u3067\u5206\u91cf\u3082\u591a\u304f\u30011\u3064\u3072\u3068\u3064\u306e\u5358\u5143\u3092\u82f1\u8a9e\u3060\u3051\u3067\u7406\u89e3\u3057\u3066\u3044\u304f\u306e\u306f\u5927\u304d\u306a\u8ca0\u62c5\u3067\u3059\u3002<\/p>\n<p>FA-Academy\uff08Financial Analyst Academy\uff09\u306f\u3001<strong>\u65e5\u672c\u8a9e\u3067\u5b66\u3079\u308b\u6570\u5c11\u306a\u3044CFA\u00ae\ufe0e\u8a66\u9a13\u30b5\u30dd\u30fc\u30c8<\/strong>\u3067\u3059\u3002\u3053\u308c\u307e\u3067 Level 1 \u304b\u3089 Level 3 \u307e\u3067\u591a\u304f\u306e\u5408\u683c\u8005\u3092\u8f29\u51fa\u3057\u3066\u304a\u308a\u3001\u5408\u683c\u8005\u306e\u65b9\u3005\u3068\u306e\u5bfe\u8ac7\u3082\u6570\u591a\u304f\u516c\u958b\u3057\u3066\u3044\u307e\u3059\u3002\u3069\u3093\u306a\u65b9\u304c\u3001\u3069\u306e\u3088\u3046\u306b\u5408\u683c\u3055\u308c\u305f\u306e\u304b\u306f<a href=\"https:\/\/triumphmind.com\/cfa\/category\/gokaku\/\" target=\"_blank\" rel=\"noopener\">\u5408\u683c\u8005\u5bfe\u8ac7\u30fb\u5408\u683c\u4f53\u9a13\u8ac7\u306e\u4e00\u89a7<\/a>\u304b\u3089\u3054\u89a7\u3044\u305f\u3060\u3051\u307e\u3059\u3002<\/p>\n<ul>\n<li><a href=\"https:\/\/triumphmind.com\/cfa\/level3-mail\/\" target=\"_blank\" rel=\"noopener\">Level 3 \u65e5\u672c\u8a9e\u8981\u70b9\u96c6\u306e\u7121\u6599\u30b5\u30f3\u30d7\u30eb\u3092\u53d7\u3051\u53d6\u308b\uff087\u65e5\u9593\u30e1\u30fc\u30eb\u8b1b\u5ea7\uff09<\/a><\/li>\n<li><a href=\"https:\/\/timerex.net\/s\/cfa.tips.slack_2a23\/e72e883e\/\" target=\"_blank\" rel=\"noopener\">\u7121\u6599\u500b\u5225\u9762\u8ac7\u3092\u4e88\u7d04\u3059\u308b\uff08\u5b66\u7fd2\u8a08\u753b\u306e\u3054\u76f8\u8ac7\uff09<\/a><\/li>\n<li><a href=\"https:\/\/triumphmind.com\/cfa\/course\/\" target=\"_blank\" rel=\"noopener\">\u53d7\u8b1b\u6848\u5185\uff08\u30b3\u30fc\u30b9\u4e00\u89a7\u30fb\u53d7\u8b1b\u6599\uff09\u3092\u898b\u308b<\/a><\/li>\n<\/ul>\n<div class=\"cfalm-nav\">\u524d\u306e\u5358\u5143\uff1a<a href=\"https:\/\/triumphmind.com\/cfa\/2026\/09\/22\/cfa-l3-perf-lm1\/\">LM1 Portfolio Performance Evaluation\uff08\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u306e\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u8a55\u4fa1\uff09<\/a><br \/>\n\u6b21\u306e\u5358\u5143\uff1a<a href=\"https:\/\/triumphmind.com\/cfa\/2026\/09\/22\/cfa-l3-perf-lm3\/\">LM3 Overview of the Global Investment Performance Standards\uff08GIPS\uff08\u30b0\u30ed\u30fc\u30d0\u30eb\u6295\u8cc7\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u57fa\u6e96\uff09\u306e\u6982\u8981\uff09<\/a><br \/>\n\u5168\u4f53\u306e\u76ee\u6b21\uff1a<a href=\"https:\/\/triumphmind.com\/cfa\/cfa-curriculum\/#l3-perf\">CFA\u00ae\ufe0e \u5b66\u7fd2\u5185\u5bb9\u306e\u76ee\u6b21\uff08Level 3 Performance Measurement\uff09<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>CFA\u00ae\ufe0e Level 3 Performance Measurement LM2\u300cInvestment Manager Selection\uff08\u904b\u7528\u4f1a\u793e\u306e\u9078\u5b9a\uff09\u300d\u306eLOS\uff08\u5b66\u7fd2\u76ee\u6a19\uff09\u3068\u91cd\u8981\u8ad6\u70b9\u3092\u3001\u6700\u65b0\u7248\u30ab\u30ea\u30ad\u30e5\u30e9\u30e0\u306b\u57fa\u3065\u3044\u3066\u65e5\u672c\u8a9e\u3067\u6574\u7406\u3057\u307e\u3057\u305f\u3002<\/p>\n","protected":false},"author":1,"featured_media":11228,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jin_ogp_image_url":"","_jin_last_featured_id":0,"footnotes":""},"categories":[100],"tags":[],"class_list":["post-10882","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-level3-topics"],"_links":{"self":[{"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/posts\/10882","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/comments?post=10882"}],"version-history":[{"count":2,"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/posts\/10882\/revisions"}],"predecessor-version":[{"id":11383,"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/posts\/10882\/revisions\/11383"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/media\/11228"}],"wp:attachment":[{"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/media?parent=10882"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/categories?post=10882"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/tags?post=10882"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}