amqata

markCFAIL wrote:
The second part is also bad because if other mgmt effects includes the transaction cost component, then that could of been the result of outperformance.  A stretch maybe, but unless they are gonna give numbers both questions are bad.
also the problem with part B is that it says he gained from undervalued securities.  how do you know he didnt short overvalued securities?  that is another reason why B can be “cannot determine.”