Which of the following is TRUE? Hint: the source of the choices comes from slides 6 through 14. The Russell 2000 is the most popular benchmark, even more popular than the S&P 500 since it has more securities The performance of a portfolio is driven by (1) the risk free rate, (2) its beta to the market, and (3) how much alpha is not explained by the first two variables Base on the study discussed, hired managers typically outperform fred managers after the period when they are hired/fited o Money weighted returns ignore the amount of money in the porlfolio at different time periods e One can ignore cash inflows and outflows from a portfolio when calculating returns (based on ending and beginning values, as cash inflows and outflows have no effect on the portfolio value