4. Performance Comparison (LO2, CFA3) You are attempting to compare the performance of a particular hedge fund

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4. Performance Comparison (LO2, CFA3) You are attempting to compare the performance of a particular hedge fund to a reported composite benchmark. If there is a survivorship bias in the composite benchmark, its return is:

a. Understated.

b. Overstated.

c. Accurate.

d. None of the above.

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Fundamentals Of Investments Valuation And Management

ISBN: 9781260013979

9th Edition

Authors: Bradford Jordan, Thomas Miller, Steve Dolvin

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