This unit's assignment asks you to consider all elements discussed in chapter 20 and 21. Answer the questions below in a 2 full-page (minimum) paper and provide examples or use additional resources to highlight your points. You paper should have a solid introduction, body and conclusion (hint: assume that the reader of your paper has not read chapters 20 or 21 - what key points from the chapters would you share with them?)

Performance evaluation of a portfolio is difficult. What challenges can investment managers face and what recommendations would you make in effort to meet these challenges?

Portfolio insurance has always had an intuitive appeal to investors, particularly if the cost isn't too great. What are some advantages and disadvantages that investment managers should be aware of?