Hi there,

I was hoping I could get help with the following question (from Investments, 10th edition, Chapter 7 CFA/CP problem 8).

Here is the link to the full question: https://www.chegg.com/homework-help/Investments-10th-edition-chapter-7-problem-8CP-solution-9780077861674

I have attached an image of the full question for your review.

Thank you

home / study/business / financial accounting/financial accounting solutions manuals/investments/10th edition / chapter 7 / problem 8cp Investments |(10th Edition) Chapter 7, Problem 8CP , Bookmark Show all steps. ON Problem The following data apply to CFA Problem: Hennessy & Associates manages a $30 million equity portfolio for the multimanager Wilstead Pension Fund. Jason Jones, financial vice president of Wilstead, noted that Hennessy had rather consistently achieved the best record among the Wilstead's six equity managers. Performance of the Hennessy portfolio had been clearly superior to that of the S&P 500 in 4 of the past 5 years. In the one less-favorable year, the shortfall was trivial. Hennessy is a "bottom-up manager. The firm largely avoids any attempt to time the market." It also focuses on selection of individual stocks, rather than the weighting of favored industries. There is no apparent conformity of style among Wilstead's six equity managers. The five