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Assignment X6

S

Sean Cahill

Member
Did anyone else notice the mistake on Q3 2017 benchmark return in question 6.1?
 
You had me worried there. I think you are referring to the fact that the fund jumps from 221.7m to 293.4m when the benchmark performance is 8%. this looks at first glance like a performance of well in excess of 8%. But the key is that the question states that there is an external cashflow in that quarter. So its (221.7m + 50m)(1.08) which comes out OK.
It took me a while but I knew that it could not have survived for a few exam seasons without someone spotting that.
Cheers
 
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