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You are a portfolio manager. In general, your performance is close to that of the market. The year you get a lot of money under
You are a portfolio manager. In general, your performance is close to that of the market. The year you get a lot of money under management, you did less well in the market. Your potential customers know nothing about calculating profitability.
What way of calculating your average annual profitability would you put forward in order to "mask" the bad year?
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