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1. ### Exam Feedback November 2017 Part 2 Exam Feedback

Thanks BT! I passed! P.S. I am the guy who was late by 2 min after door closed thus delayed the exam to Nov 2017.
2. ### Exam Feedback May 2017 Part 2 Exam Feedback

I planned arrive at 1:00, but there are multiple car accidents delay me for like 30 min, then I scratched my head searching building to building to find the exam location, there is no clear sign of GARP exam at all. so outraged.
3. ### Exam Feedback May 2017 Part 2 Exam Feedback

So sad, I missed the exam, arrived there by 1:47pm :(
4. ### FRM Part 2 May 2017 Study Group

Let's do Wechat or WhatsApp, both are fine
5. ### Exam Feedback November 2016 Part 1 Exam Feedback

I remembered there was a question about total sum of squares, it gave us an y_hat equation (y_hat=6.89*x+56.2, can't remember numbers clearly) and said TSS is 2,000, rho is a given number, then ask what is R^2. Does anyone how to do that?
6. ### Exam Feedback November 2016 Part 1 Exam Feedback

I remember the deltas and gamma and vega with two options, they have a portfolio with a starting -2000 Gamma, -3000 Vega, with those two option they make it Gamma and Vega neutral, but Still need something to make Delta neutral, then the correct answer is the right amount of stock (or future...
7. ### GARP.FRM.PQ.P1 Increasing Beta question

Thanks David, this makes more sense
8. ### GARP.FRM.PQ.P1 Increasing Beta question

So it seems like it is all this 100 million portfolio matters, the base value for all the profit and loss is always this 100 million. Thanks.
9. ### GARP.FRM.PQ.P1 Increasing Beta question

Thanks, but I just wondered why the equation is not like this .75*x%*100 million+1250*250*x%*N=1.8*x%*(100 million+1250*250*N) ? Because after we buy futures, the total portfolio size increased to (100 million+1250*250*N).
10. ### GARP.FRM.PQ.P1 Increasing Beta question

A fund manager has a USD 100 million portfolio with a beta of 0.75. The manager has bullish expectations for the next couple of months and plans to use futures contracts on the S&P500 to increase the portfolio´s beta to 1.8. Given the following information, which strategy should the fund manager...