A portfolio manager has realized a return of 0.122 with his FUND, while the market return was 0.121. The portfolio manager argues he did a good job. He claims that the portfolio made a positive alpha. Verify the claim of the portfolio manager by computing the alpha of the FUND using the Fama-French model. You compute the return on the SMB factor to be 0.023 , while the return on the HML factor was 0.018 . The beta coefficients of the FUND on the market, the SMB, and the HML factors are 0.8,0.3, and 0.2 respectively. Finally, the risk free rate was 0.011 . What was the alpha of the FUND?" A portfolio manager has realized a return of 0.122 with his FUND, while the market return was 0.121. The portfolio manager argues he did a good job. He claims that the portfolio made a positive alpha. Verify the claim of the portfolio manager by computing the alpha of the FUND using the Fama-French model. You compute the return on the SMB factor to be 0.023 , while the return on the HML factor was 0.018 . The beta coefficients of the FUND on the market, the SMB, and the HML factors are 0.8,0.3, and 0.2 respectively. Finally, the risk free rate was 0.011 . What was the alpha of the FUND