Question: Fund A earns an average return of 13%, while fund B earns an average return of 8%. The benchmark has an average return of -1.5%.

Fund A earns an average return of 13%, while fund B earns an average return of 8%. The benchmark has an average return of -1.5%. If the standard deviation of fund As excess return over the benchmark is 8%, and the standard deviation of fund Bs excess return over the benchmark is 4.5%, which fund had superior performance based on the information ratio?

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