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Suppose you wish to measure the risk-adjusted performance of an actively managed small cap portfolio. Why cant you use the S&P 500 as your benchmark?
Suppose you wish to measure the risk-adjusted performance of an actively managed small cap portfolio. Why cant you use the S&P 500 as your benchmark? What could you use instead?
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Intermediate Financial Management
Authors: Eugene F Brigham, Phillip R Daves
14th Edition
0357516664, 978-0357516669
