Question
Suppose that a fund manager announces that the fund's one month 95% VaR is 6% of the size of the portfolio being managed. You have
Suppose that a fund manager announces that the fund's one month 95% VaR is 6% of the size of the portfolio being managed. You have an investment of $100,000 in the fund. How do you interpret the portfolio manager's announcement?
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Fundamentals Of Financial Management
Authors: Richard Bulliet, Eugene F Brigham, Brigham/ Houston
11th Edition
1111795207, 9781111795207
