Question: Manager 1 Manager 2 rm -rf smb hml Avg. (total) Ret Bmkt 27% 13% 8% 2% 6% 2 1 1 0 0 S h

Manager 1 Manager 2 rm -rf smb hml Avg. (total) Ret Bmkt

Manager 1 Manager 2 rm -rf smb hml Avg. (total) Ret Bmkt 27% 13% 8% 2% 6% 2 1 1 0 0 S h 1 -0.5 0 1 0 1 0.5 0 0 1

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