worth of $50 million with beta Fund shorted portfolio I manager The manager - of 0.8 would like to achieve a mrkt neutral position by trading on 3 months futures contract on S&P 500 Current is 2280. I contract consists 3 month future price of $250 time index. a) What position should the fund manager all exposure to mrkt over next 2 month? should he long or short Cal the effect of strateay on the take to eliminate or short future? fund manager's return if future price of S&P 500 increase to 2350 his port value o $51 mill worth of $50 million with beta Fund shorted portfolio I manager The manager - of 0.8 would like to achieve a mrkt neutral position by trading on 3 months futures contract on S&P 500 Current is 2280. I contract consists 3 month future price of $250 time index. a) What position should the fund manager all exposure to mrkt over next 2 month? should he long or short Cal the effect of strateay on the take to eliminate or short future? fund manager's return if future price of S&P 500 increase to 2350 his port value o $51 mill