for each of the last 6/4 managers L & M have provided you with the total dollar value of the funds they manage along with the quarterly contributions or withdrawals made by their clients ( contributions are indicated by positive numbers, withdraws by negative numbers)

for each manager calculate:

a) her money weight return:

money waited return manager L ____%

Money Weighted return manager M ___%

b) her time-weighted return:

TWR (manager L) ____%

TWR (manager m) __%

c) estimates of her quarterly performance returns using the diet approximation method assuming contributions/withdrawals are made exactly halfway through the quarter

MANAGER L Total Funds Contributions/ Under Management Withdrawals $510,000 523,000 11,000 528,000 9,500 571,000 12,000 583,000 5,500 628,000 9,000 Quarter Initial 1 2 3 4 5 MANAGER M Total Funds Contributions/ Under Management withdrawals $705,000 691,000 -27,000 658,000 -27,000 637,000 -27,000 602,000 -27,000 641,000 -27,000 u AWN Quarter 1 Return (Manager L) Return (Manager M) 0 % % 2 % % Nm 3 % % 4 % % 5 % %