Which of the following statements is true?

	a.	A fund that outperforms the market based on the M2 measure must also have a higher Treynor measure ratio than the market
	b.	A fund with a higher alpha must have a higher Sharpe ratio
	c.	A fund with a higher alpha must have a higher Treynor measure
	d.	Whenever a fund has a positive alpha, it will also have a higher Treynor measure than the market