$2\mathrm{.}40\%-1\mathrm{.}05\%0\mathrm{.}40\%2\mathrm{.}86\%-1\mathrm{.}75\%0\mathrm{.}86\%1\mathrm{.}99\%0\mathrm{.}66\%0\mathrm{.}46\%-1\mathrm{.}18\%0\mathrm{.}58\%1\mathrm{.}64\%2\mathrm{.}32\%-0\mathrm{.}05\%1\mathrm{.}45\%0\mathrm{.}91\%-0\mathrm{.}43\%0\mathrm{.}66\%1\mathrm{.}39\%-0\mathrm{.}62\%1\mathrm{.}59\%3\mathrm{.}58\%2\mathrm{.}89\%1\mathrm{.}67\%0\mathrm{.}76\%-0\mathrm{.}41\%-0\mathrm{.}58\%0\mathrm{.}45\%-0\mathrm{.}42\%4\mathrm{.}44\%1\mathrm{.}53\%3\mathrm{.}75\%2\mathrm{.}22\%1\mathrm{.}37\%1\mathrm{.}45\%-0\mathrm{.}51\%0\mathrm{.}40\%1\mathrm{.}47\%-1\mathrm{.}02\%2\mathrm{.}17\%3\mathrm{.}59\%-1\mathrm{.}34\%2\mathrm{.}26\%1\mathrm{.}60\%0\mathrm{.}65\%2\mathrm{.}28\%0\mathrm{.}55\%-0\mathrm{.}99\%1\mathrm{.}06\%0\mathrm{.}76\%0\mathrm{.}28\%0\mathrm{.}68\%1\mathrm{.}46\%0\mathrm{.}62\%4\mathrm{.}12\%1\mathrm{.}06\%-1\mathrm{.}35\%0\mathrm{.}15\%-0\mathrm{.}17\%2\mathrm{.}17\%.$ These are the $5$ years monthly returns for fund c$.$ Separately from Manager A and B$,$ they are evaluating fund C$,$ which runs an India book, denominated in Rupees which has very good reported returns $($in rupees$).$ It reports its performance gross of fees $($i$.$e$.$ fees are NOT deducted from its reported performance$).$ Its total fees are $2\%$ per year. If the Equity PM invests, they will also have to currency hedge the manager from INR to USD. Current USD interest rates for $1$ year are $4\%$ while Indian Rates are $6\mathrm{.}5\%.$ The investment horizon for the PM in this fund is viewed as one year. The fund is run by a small startup management company and hungry for assets to grow their business. A$.$ Should they hire manager C$?$ Why or why not? this is a separate question on its own. I have provided all the data for the question.