What is the difference between performance measurement and performance evaluation?
Answer to relevant QuestionsSuppose that the active return for a portfolio over the past year was 130 basis points after management fees. What questions would you have to before concluding that the manager’s performance was exceptional? Why does the arithmetic average monthly rate of return diverge more from the time-weighted monthly rate of return for manager II than for manager I in Question 2? What are the delivery options granted to the seller of the Treasury bond futures contract? Suppose that a manager wants to reduce the duration of a portfolio. Explain how this can be done using Treasury bond futures contracts. You work for a conservative investment management firm. You recently asked one of the senior partners for permission to open up a futures account so that you could trade interest-rate futures as well as cash instruments. He ...
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