Will a hypothetically ideal market-neutral long-short portfolio earn more if the underlying equity market rises by 15%

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Will a hypothetically ideal market-neutral long-short portfolio earn more if the underlying equity market rises by 15% than if the market falls by 15%?

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The Theory And Practice Of Investment Management

ISBN: 9780470929902

2nd Edition

Authors: Frank J Fabozzi, Harry M Markowitz

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