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A fund manager is considering adding the following three portfolios with similar strategies to their relevant composite: Portfolio A: Actual, feepaying, and discretionary Portfolio B:
A fund manager is considering adding the following three portfolios with similar strategies to their relevant composite:
Portfolio A: Actual, feepaying, and discretionary
Portfolio B: Simulated, nonfeepaying, and discretionary
Portfolio C: Actual, feepaying, and nondiscretionary
Which of these portfolios must the manager include in the composite, according to
the GIPS standards?
a) Portfolio A
b) Portfolio B
c) Portfolio C
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