Official Result thread for Level 3 June 2008 AFers

i passed by the skin of my teeth. now i got work to do. i can’t even celebrate. i was hoping today would be a slow day. but nope.

Thanks, much relieved after waiting for so long… Level 3: Pass The table below illustrates your subject matter strengths and weaknesses. The three columns on the right are marked with asterisks to indicate your performance on each question or topic area. Essay Q# Topic Max Pts <=50% 51%-70% >70% 1 Portfolio Management - Individual 36 * - - 2 Portfolio Management - Individual 9 - - * 3 Portfolio Management - Institutional 36 - - * 4 Portfolio Management - Asset Allocation 17 * - - 5 Fixed Income Investments 13 * - - 6 Alternative Investments 11 - - * 7 Portfolio Management - Risk Management 17 - - * 8 Portfolio Management - Execution 14 - * - 9 Portfolio Management - Monitor&Rebalance 9 - - * 10 Portfolio Management – Performance Eval. 9 - * - 11 Portfolio Management 9 * - - Item Set Q# Topic Max Pts <=50% 51%-70% >70% - Alternative Investments 18 * - - - Derivatives 18 - - * - Economics 18 - - * - Equity Investments 36 - * - - Ethical & Professional Standards 36 - * - - Fixed Income Investments 36 - - * - Portfolio Management 18 - - *

Pass. About 63%. Lower than expected score in the morning session but well who cares as long as it is a pass. Thanks to all those who helpe me get through. BW, CSK,Hala Madrid and others.

Passed. 8 (yes eight under 50 sections). But who cares. Now im just violating everything in sight. Roll on this evening, which is about, um, now in Europe time.

PASS Essay Q# Topic Max Pts <=50% 51%-70% >70% 1 Portfolio Management - Individual 36 - * - 2 Portfolio Management - Individual 9 - - * 3 Portfolio Management - Institutional 36 - - * 4 Portfolio Management - Asset Allocation 17 - * - 5 Fixed Income Investments 13 * - - 6 Alternative Investments 11 * - - 7 Portfolio Management - Risk Management 17 * - - 8 Portfolio Management - Execution 14 - - * 9 Portfolio Management - Monitor&Rebalance 9 - - * 10 Portfolio Management – Performance Eval. 9 - * - 11 Portfolio Management 9 - - * Item Set Q# Topic Max Pts <=50% 51%-70% >70% - Alternative Investments 18 - - * - Derivatives 18 - * - - Economics 18 - - * - Equity Investments 36 - * - - Ethical & Professional Standards 36 - - * - Fixed Income Investments 36 - - * - Portfolio Management 18 - - *

The table below illustrates your subject matter strengths and weaknesses. The three columns on the right are marked with asterisks to indicate your performance on each question or topic area. Essay Q# Topic Max Pts <=50% 51%-70% >70% 1 Portfolio Management - Individual 36 - - * 2 Portfolio Management - Individual 9 - - * 3 Portfolio Management - Institutional 36 - - * 4 Portfolio Management - Asset Allocation 17 - - * 5 Fixed Income Investments 13 - - * 6 Alternative Investments 11 * - - 7 Portfolio Management - Risk Management 17 - * - 8 Portfolio Management - Execution 14 - - * 9 Portfolio Management - Monitor&Rebalance 9 - * - 10 Portfolio Management – Performance Eval. 9 - - * 11 Portfolio Management 9 * - - Item Set Q# Topic Max Pts <=50% 51%-70% >70% - Alternative Investments 18 - - * - Derivatives 18 - - * - Economics 18 - * - - Equity Investments 36 - - * - Ethical & Professional Standards 36 - - * - Fixed Income Investments 36 - * - - Portfolio Management 18 - - *

… failed …

for Farley013: Level 3: Pass The table below illustrates your subject matter strengths and weaknesses. The three columns on the right are marked with asterisks to indicate your performance on each question or topic area. Essay Q# Topic Max Pts <=50% 51%-70% >70% 1 Portfolio Management - Individual 36 - - * 2 Portfolio Management - Individual 9 - - * 3 Portfolio Management - Institutional 36 - - * 4 Portfolio Management - Asset Allocation 17 - - * 5 Fixed Income Investments 13 - - * 6 Alternative Investments 11 - - * 7 Portfolio Management - Risk Management 17 - - * 8 Portfolio Management - Execution 14 - - * 9 Portfolio Management - Monitor&Rebalance 9 - * - 10 Portfolio Management – Performance Eval. 9 - * - 11 Portfolio Management 9 - - * Item Set Q# Topic Max Pts <=50% 51%-70% >70% - Alternative Investments 18 - - * - Derivatives 18 - - * - Economics 18 - * - - Equity Investments 36 - - * - Ethical & Professional Standards 36 - - * - Fixed Income Investments 36 - - * - Portfolio Management 18 - - *

sorry to hear that Data_Monkey I’m sure next year you will smoke this test!

Passed!

Level 3: Pass The table below illustrates your subject matter strengths and weaknesses. The three columns on the right are marked with asterisks to indicate your performance on each question or topic area. Essay Q# Topic Max Pts <=50% 51%-70% >70% 1 Portfolio Management - Individual 36 * - - 2 Portfolio Management - Individual 9 - - * 3 Portfolio Management - Institutional 36 - - * 4 Portfolio Management - Asset Allocation 17 - - * 5 Fixed Income Investments 13 - - * 6 Alternative Investments 11 - - * 7 Portfolio Management - Risk Management 17 * - - 8 Portfolio Management - Execution 14 - * - 9 Portfolio Management - Monitor&Rebalance 9 - - * 10 Portfolio Management – Performance Eval. 9 - - * 11 Portfolio Management 9 * - - Item Set Q# Topic Max Pts <=50% 51%-70% >70% - Alternative Investments 18 - * - - Derivatives 18 - - * - Economics 18 - * - - Equity Investments 36 - - * - Ethical & Professional Standards 36 - * - - Fixed Income Investments 36 - - * - Portfolio Management 18 - - *

Pass: Essay Q# Topic Max Pts <=50% 51%-70% >70% 1 Portfolio Management - Individual 36 * - - 2 Portfolio Management - Individual 9 - * - 3 Portfolio Management - Institutional 36 - * - 4 Portfolio Management - Asset Allocation 17 - * - 5 Fixed Income Investments 13 - * - 6 Alternative Investments 11 * - - 7 Portfolio Management - Risk Management 17 - - * 8 Portfolio Management - Execution 14 * - - 9 Portfolio Management - Monitor&Rebalance 9 - - * 10 Portfolio Management – Performance Eval. 9 - - * 11 Portfolio Management 9 * - - Item Set Q# Topic Max Pts <=50% 51%-70% >70% - Alternative Investments 18 * - - - Derivatives 18 - - * - Economics 18 * - - - Equity Investments 36 - - * - Ethical & Professional Standards 36 - - * - Fixed Income Investments 36 - - * - Portfolio Management 18 - * -

Level 3: Pass The table below illustrates your subject matter strengths and weaknesses. The three columns on the right are marked with asterisks to indicate your performance on each question or topic area. Essay Q# Topic Max Pts <=50% 51%-70% >70% 1 Portfolio Management - Individual 36 - - * 2 Portfolio Management - Individual 9 - * - 3 Portfolio Management - Institutional 36 - * - 4 Portfolio Management - Asset Allocation 17 - * - 5 Fixed Income Investments 13 * - - 6 Alternative Investments 11 * - - 7 Portfolio Management - Risk Management 17 - * - 8 Portfolio Management - Execution 14 * - - 9 Portfolio Management - Monitor&Rebalance 9 - * - 10 Portfolio Management – Performance Eval. 9 * - - 11 Portfolio Management 9 * - - Item Set Q# Topic Max Pts <=50% 51%-70% >70% - Alternative Investments 18 - - * - Derivatives 18 - * - - Economics 18 - * - - Equity Investments 36 - * - - Ethical & Professional Standards 36 - - * - Fixed Income Investments 36 - - * - Portfolio Management 18 - - *

YES! Congrats to everyone who passed Level 3: Pass The table below illustrates your subject matter strengths and weaknesses. The three columns on the right are marked with asterisks to indicate your performance on each question or topic area. Essay Q# Topic Max Pts <=50% 51%-70% >70% 1 Portfolio Management - Individual 36 - - * 2 Portfolio Management - Individual 9 * - - 3 Portfolio Management - Institutional 36 - - * 4 Portfolio Management - Asset Allocation 17 - - * 5 Fixed Income Investments 13 - * - 6 Alternative Investments 11 * - - 7 Portfolio Management - Risk Management 17 - - * 8 Portfolio Management - Execution 14 * - - 9 Portfolio Management - Monitor&Rebalance 9 - - * 10 Portfolio Management – Performance Eval. 9 - * - 11 Portfolio Management 9 - - * Item Set Q# Topic Max Pts <=50% 51%-70% >70% - Alternative Investments 18 - - * - Derivatives 18 - - * - Economics 18 - * - - Equity Investments 36 - - * - Ethical & Professional Standards 36 * - - - Fixed Income Investments 36 - - * - Portfolio Management 18 - - *

Level 3: Pass The table below illustrates your subject matter strengths and weaknesses. The three columns on the right are marked with asterisks to indicate your performance on each question or topic area. Essay Q# Topic Max Pts <=50% 51%-70% >70% 1 Portfolio Management - Individual 36 - - * 2 Portfolio Management - Individual 9 - - * 3 Portfolio Management - Institutional 36 * - - 4 Portfolio Management - Asset Allocation 17 - - * 5 Fixed Income Investments 13 - * - 6 Alternative Investments 11 * - - 7 Portfolio Management - Risk Management 17 * - - 8 Portfolio Management - Execution 14 * - - 9 Portfolio Management - Monitor&Rebalance 9 - - * 10 Portfolio Management – Performance Eval. 9 - * - 11 Portfolio Management 9 - * - Item Set Q# Topic Max Pts <=50% 51%-70% >70% - Alternative Investments 18 - * - - Derivatives 18 - - * - Economics 18 - - * - Equity Investments 36 - - * - Ethical & Professional Standards 36 - * - - Fixed Income Investments 36 - - * - Portfolio Management 18 * - -

Level 3: Pass The table below illustrates your subject matter strengths and weaknesses. The three columns on the right are marked with asterisks to indicate your performance on each question or topic area. Essay Q# Topic Max Pts <=50% 51%-70% >70% 1 Portfolio Management - Individual 36 - - * 2 Portfolio Management - Individual 9 - - * 3 Portfolio Management - Institutional 36 - - * 4 Portfolio Management - Asset Allocation 17 - * - 5 Fixed Income Investments 13 - - * 6 Alternative Investments 11 - * - 7 Portfolio Management - Risk Management 17 - * - 8 Portfolio Management - Execution 14 - - * 9 Portfolio Management - Monitor&Rebalance 9 * - - 10 Portfolio Management – Performance Eval. 9 - * - 11 Portfolio Management 9 * - - Item Set Q# Topic Max Pts <=50% 51%-70% >70% - Alternative Investments 18 - - * - Derivatives 18 * - - - Economics 18 * - - - Equity Investments 36 * - - - Ethical & Professional Standards 36 - - * - Fixed Income Investments 36 - - * - Portfolio Management 18 - - * I’m absolutely stoked!!!

Thanks SanFran - I was pretty close (given the fact I hadn’t taken L1 and L2 since 1998…) I was in the Pass Band 8… Hopefully its mostly “refresher” study!

Level 3: Fail The table below illustrates your subject matter strengths and weaknesses. The three columns on the right are marked with asterisks to indicate your performance on each question or topic area. Essay Q# Topic Max Pts <=50% 51%-70% >70% 1 Portfolio Management - Individual 36 - * - 2 Portfolio Management - Individual 9 - - * 3 Portfolio Management - Institutional 36 - * - 4 Portfolio Management - Asset Allocation 17 - * - 5 Fixed Income Investments 13 - * - 6 Alternative Investments 11 * - - 7 Portfolio Management - Risk Management 17 * - - 8 Portfolio Management - Execution 14 * - - 9 Portfolio Management - Monitor&Rebalance 9 * - - 10 Portfolio Management – Performance Eval. 9 * - - 11 Portfolio Management 9 * - - Item Set Q# Topic Max Pts <=50% 51%-70% >70% - Alternative Investments 18 * - - - Derivatives 18 - - * - Economics 18 * - - - Equity Investments 36 * - - - Ethical & Professional Standards 36 - * - - Fixed Income Investments 36 - - * - Portfolio Management 18 - - * Performance band of your overall score among all candidates who failed the exam: 6 --------------------------------------- Well, what can I say? I had a feeling I tanked it. Thought I did better in the PM. I guess we’ll get em next time. Will have to put fantasy football on the back burner this year. Damn! In the grand scheme of life this failure is just a small thing. At my age, I’ve failed at a lot of things. This won’t be the first and definately won’t be the last. Took 3 times to pass levels I and II. Won’t let that happen for part III. Congrats to all who passed! Halifax you will ace this thing next year. I know it.

Based on 40/60/80 rule (which I understand is probably more useless with essays than on either of the first two), I have a higher score than 18 people that have already posted their scores. No one that failed has scored higher than me. I hate this stupid thing. I’ve now failed L1 and L3 once each, but I passed L2 (which is supposed to be the hard one) on the first try. I guess starting a family might have to wait another year. Level 3: Fail The table below illustrates your subject matter strengths and weaknesses. The three columns on the right are marked with asterisks to indicate your performance on each question or topic area. Essay Q# Topic Max Pts <=50% 51%-70% >70% 1 Portfolio Management - Individual 36 - * - 2 Portfolio Management - Individual 9 - - * 3 Portfolio Management - Institutional 36 - * - 4 Portfolio Management - Asset Allocation 17 - * - 5 Fixed Income Investments 13 - * - 6 Alternative Investments 11 * - - 7 Portfolio Management - Risk Management 17 * - - 8 Portfolio Management - Execution 14 - - * 9 Portfolio Management - Monitor&Rebalance 9 - - * 10 Portfolio Management – Performance Eval. 9 * - - 11 Portfolio Management 9 * - - Item Set Q# Topic Max Pts <=50% 51%-70% >70% - Alternative Investments 18 - * - - Derivatives 18 * - - - Economics 18 - - * - Equity Investments 36 - - * - Ethical & Professional Standards 36 - * - - Fixed Income Investments 36 - * - - Portfolio Management 18 - - * We have divided the full group of failed candidates into ten approximately equal score bands. Your score band below shows how your overall score on the exam compares with all other failed candidates. For example, if your reported score band is 1, you scored in approximately the bottom 10% of failed candidates. If your reported score band is 2, your score was within the next band width ranging from approximately the bottom 11% to 20% of failed candidates. If your score band is reported as 10, you scored in the top 10% of all failed candidates. Performance band of your overall score among all candidates who failed the exam: 10

couldn’t believe for a minute that i passed! Level 3: Pass The table below illustrates your subject matter strengths and weaknesses. The three columns on the right are marked with asterisks to indicate your performance on each question or topic area. Essay Q# Topic Max Pts <=50% 51%-70% >70% 1 Portfolio Management - Individual 36 - - * 2 Portfolio Management - Individual 9 - - * 3 Portfolio Management - Institutional 36 - - * 4 Portfolio Management - Asset Allocation 17 - - * 5 Fixed Income Investments 13 * - - 6 Alternative Investments 11 * - - 7 Portfolio Management - Risk Management 17 * - - 8 Portfolio Management - Execution 14 * - - 9 Portfolio Management - Monitor&Rebalance 9 - - * 10 Portfolio Management – Performance Eval. 9 - - * 11 Portfolio Management 9 * - - Item Set Q# Topic Max Pts <=50% 51%-70% >70% - Alternative Investments 18 - - * - Derivatives 18 - * - - Economics 18 - - * - Equity Investments 36 - - * - Ethical & Professional Standards 36 - * - - Fixed Income Investments 36 - * - - Portfolio Management 18 - * -