Alice, Bailey and Cyrus are three hedge fund managers. Alice maintains a portfolio with beta of 0.95, Bailey's portfolio has beta of 1.45 while Cyrus has portfolio beta of 1.25. Alice generated a return of 7%, Bailey generate return of 9.5% and Cyrus generated a return of 9%. If the annualized T-Bill return is 1.0% and the expected S&P500 return was 7.0% then who outperformed their expectation? Only Cyrus Alice and Cyrus Only Bailey Alice and Bailey Only Alice