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5 For each of the last six quarters, Managers L and M have provided you with the total euro value of the funds they manage,
5 For each of the last six quarters, Managers L and M have provided you with the total euro value of the funds they manage, along with the quarterly contributions or withdrawals made by their clients. (Note: Contributions are indicated by positive numbers, withdrawals by negative numbers.) For each manager, calculate: (a) his or her money-weighted return; (b) his or her time-weighted return; and (c) estimates of his or her quarterly performance returns using the Dietz approximation method, assuming contributions/withdrawals are made exactly halfway through the quarter
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