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标题: Level 3 Mock Q23 [打印本页]

作者: lingm    时间: 2009-6-2 17:27     标题: Level 3 Mock Q23

Don't agree with the answer as I think true active return should = manager return - normal benchmark,  not as answer which is (manager return - investor benchmark)...what do you think?
作者: yyk6221    时间: 2009-6-2 22:16

true active return should = manager return - investor benchmark

Active return = true active return + misfit active return = management return - normal banchmark.


作者: xuxu1980    时间: 2009-6-3 02:08

the problems says"to acheive a TOTAL active return of at least 2.1 percent and have a TOTAL active risk of no more than 1.8%".

total active return=manager return - investor benchmark

I spent several minutes on this problem. I agree with the answer key though.






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