What's new

Search results

  1. C

    Personal Study Guide / Workplan for FRM Part 2

    @kevolution, Can I get a copy as well? I can be reached at cdbsmith@hotmail.com. Thanks!
  2. C

    VaR Analysis....

    d
  3. C

    FRM certification

    Thanks @mongooseny23 for the excellent tips! I will definitely take heed to your advice. In fact, I have downloaded the available L3 exams and curriculum books. I also subscribed to a third party exam prep service to help facilitate my preparation. Since I also completed the FRM this year (I...
  4. C

    FRM certification

    Congrats on passing the Level 3 Exam. I'm scheduled to sit for the Level 3 next year. Any study tips you can pass along? I'd appreciate any help! Thanks!
  5. C

    FRM certification

    Good luck!! I suspect some of the FRM stuff was relevant for the CFA exam as well. So, hopefully you passed it as well. Keep us posted. I like when fellow FRM candidates succeed. It motivates me greatly!
  6. C

    FRM certification

    Congrats @mongooseny23 on being confirmed for your FRM designation. I recall you mentioning in a previous thread that you also took the CFA exam this year as well. Is that correct? What level did you take and did you pass? Either way, much kudos to you for taking the FRM and CFA three weeks...
  7. C

    Article: Ruling on Argentina Gives Investors an Upper Hand

    Here's an interesting article on a recent ruling regarding the restructuring of Argentina's sovereign debt: http://www.nytimes.com/2014/06/20/business/economy/ruling-on-argentina-gives-investors-an-upper-hand.html Not totally sure about the potential ramifications of this ruling, but according...
  8. C

    Exam Feedback FRM Part 2 (May 2014) Exam Feedback

    Perhaps I'm thinking of a different question from the exam. But there was on on ES where a list of 10 or percentage losses were provided. From that list, I calculated the 95% ES with the bottom five losses. Since they were percentage losses, I summed them and divided the sum by 4 (5-1). The...
  9. C

    Exam Feedback FRM Part 2 (May 2014) Exam Feedback

    I do not agree that the ES 95% was the same as the VaR 97.5%. My calculation resulted in the VaR 99%. The reason is when using percentages for ES (for continuous distributions) the denominator is always n-1. If we were using (discrete) values, the denominator would be n. I could be wrong, but...
  10. C

    Exam Feedback FRM Part 2 (May 2014) Exam Feedback

    There has been a lot of chatter on this particular question. So, I did more research and actually learned a lot. It turns out the high incentive fees and high water marks lead to different behavior depending on the hedge fund manager. That is, depending on whether the manager is risk-neutral or...
  11. C

    Exam Feedback FRM Part 2 (May 2014) Exam Feedback

    From reading through the various comments, it appears that everyone struggled with virtually the same questions, with a few odd ones here and there. From my estimation, the list of troublesome questions amount to ~15-20. Based on that, I don't think that's enough to start worrying. Now, if the...
  12. C

    P2.T8.405. Style analysis and market timing

    David, I'm struggling with question 405.1: Why doesn't P(1) = 3/7 and P(2) = 6/7? In other words, is P(1) equal the proportion of correct bear market forecasts to total actual bear market results, or the proportion of correct bear market forecasts to total bear market forecasts? Likewise, is...
  13. C

    Can't print all the pages from the Part 2 Formula Sheet file

    Hi David, I just wanted to follow up on this one. Was Nicole able to look into this issue? Thanks, Charles
  14. C

    Can't print all the pages from the Part 2 Formula Sheet file

    Sure! I was able to print the first 72 pages. So, I will certainly be busy the next few days going thru those pages anyway. Thanks!
  15. C

    Can't print all the pages from the Part 2 Formula Sheet file

    Hi David, I posted this message in a another, and think it may have been lost with all the chatter that was going on. I've been trying to print the part 2 formula sheet and am having a problem printing pages 73-111 (I could not attach the file because its too large). Apparently, there is a...
  16. C

    2014 Part II Published Materials

    Hi @Alex_1, Would you kindly send the current issues doc to me? Thanks!
  17. C

    2014 Part II Published Materials

    Well, @Pfilf, if the FRM exam is done correctly, it should be based on what FRM candidates need to know. So, my statement was about both the exam AND real life for would-be FRM practitioners. Frankly, all of the material is potentially testable. So, if you are interested in passing the exam, you...
  18. C

    2014 Part II Published Materials

    David, As a paid member, I would say that I'd rather you focus on providing the material that we really need to know in order to pass the exam. Based on my experience with BT, I trust your judgement. As such, I prefer you not prioritize "Current Issues" material as it is pure reading that I can...
  19. C

    Structured Fiance - Clarification

    @Cipher2014, I'm not sure I fully understand your questions, but I will attempt to answer them anyway. Q1: I think the best way to answer this question is to state that securitization is the process by which the cash flows from assets (e.g., mortgages, credit card receivables, auto loans...
  20. C

    Asymptotic Meaning

    I like illustrations...especially as they relate to mathematical/statistical concepts.:) http://www.mathsisfun.com/algebra/asymptote.html
Top