5. The table below gives performance statistics for two famous hedge funds: AQR and Citadel, as well as for the S&P 500 and T-bills. AQRCitadel |S&P 500 T-Bills Expected Return | 13% | 11% Standard Deviation | 40% | 24% | 8% 13% 3% 0 1.5 Which fund performed the best relative to the CAPM? (a) AQR because it has the highest beta. (b) AQR because it has a higher expected excess return. (c) AQR because it has the highest alpha. (d) Citadel because it has the highest alpha