NakedPuts00

Soccertom9 Wrote:
-------------------------------------------------------
> omg I think I might be the one person who writes
> questions poorer than the BSAS.....
>
> True active return = manager's total return -
> manager's normal portfolio return
> Misfit active return = manager's normal portfolio
> return - investor's benchmark
>
> I wanted to know what the "active return" was....
> aka manager's total return - investor's
> benchmark


Wrong on the definition of misfit:

Misfit active return = manager's normal BENCHMARK return - investor's benchmark.