S11 R32 Active Returns manager, Always, return, active

John10

When asked to find the active risk, which do you subtract:

Normal Benchmark or Investor's Benchmark

from manager's return? Always get confused on this.

Thanks in advance.

liangfeng

It is the normal benchmark which is the portfolio benchmark or the manager's benchmark.

pennyless

idreesz Wrote:
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> It is the normal benchmark which is the portfolio
> benchmark or the manager's benchmark.

thanks for the quick response