Q.3029 PERP has allocated $650 million in U.S. stocks to two active managers who are equally good, with each manager receiving the same amount of $325 million. The managers created two distinct portfolios but both have a volatility of 15.8% and a correlation of 0.81 with each other. Compute the total risk budget, assuming that α = 2.33. | Financial Risk Manager Part 2 Quiz - LeetQuiz