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PLease show work 5. You have been assigned to a team charged with evaluating the management of your company's pension fund. The pension fund has

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5. You have been assigned to a team charged with evaluating the management of your company's pension fund. The pension fund has $600 million in total assets and is managed by an outside firm, William & Company. Over the past year, William has achieved an overall return of .1375 (13.75%); its beta was 1.2 and its standard deviation of return was .40 (40%). There is one other firm, Randolph Associates, seriously interested in managing your pension fund. Over the past year, Randolph has achieved an overall return of .0625 (6.25%); its beta was .4 and its standard deviation of return was .10 (10%). In general, your company uses the Standard & Poor's 500 as a suitable benchmark portfolio. Over the last year, the S&P500 has achieved a return of .10 (10.0%) with a beta of one (1) and a standard deviation of .20 (20%). Over that same period, Treasury Bills have returned .025 (2.5%). Which fund management firm would you recommend? Briefly explain your answer. 5. You have been assigned to a team charged with evaluating the management of your company's pension fund. The pension fund has $600 million in total assets and is managed by an outside firm, William & Company. Over the past year, William has achieved an overall return of .1375 (13.75%); its beta was 1.2 and its standard deviation of return was .40 (40%). There is one other firm, Randolph Associates, seriously interested in managing your pension fund. Over the past year, Randolph has achieved an overall return of .0625 (6.25%); its beta was .4 and its standard deviation of return was .10 (10%). In general, your company uses the Standard & Poor's 500 as a suitable benchmark portfolio. Over the last year, the S&P500 has achieved a return of .10 (10.0%) with a beta of one (1) and a standard deviation of .20 (20%). Over that same period, Treasury Bills have returned .025 (2.5%). Which fund management firm would you recommend? Briefly explain your

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