In each of the three scenarios below (a, b, and c), choose ONE appropriate measure of performance among the following four measures: i) Sharpe Measure ii) Treynor Measure iii) Jensens Alpha iv) Information Ratio

a) A charitable foundation is considering investing its entire endowment with a single portfolio manager.

b) A diabetes foundation is considering choosing many portfolio managers (from a very large pool of portfolio managers) to manage its endowment.

c) A university endowment is considering adding a position in an actively-managed portfolio to an already existing passive portfolio. It is evaluating several actively-managed portfolios to choose one among them.