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In most institutional investment firms, a positive alpha relative to the specified risk model means: Select one: O a. the portfolio manager has done a
In most institutional investment firms, a positive alpha relative to the specified risk model means: Select one: O a. the portfolio manager has done a good job O b. the regression intercept indicates some factors are missing c. the regression intercept ensures there are no factors missing O d. very little, because the risk model is probably faulty O e. the portfolio manager has underperformed the benchmark
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