You and a prospective client are considering the measurement of investment performance, particularly with respect to international portfolios for the past 5 years. The data you discussed are presented in the following table:

a. Assume that the data for manager A and manager B accurately reflect their investment skills and that both managers actively manage currency exposure. Briefly describe one strength and one weakness for each manager.
b. Recommend and justify a strategy that would enable your fund to take advantage of the strengths of each of the two managers while minimizing theirweaknesses.

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International Manager or Index Manager A Manager B International Index Country and Total Return ecurity Return Currency Return -60% -2.0 -5.0 20% -8.0% 0.2 -5.2