You are assessing the average performance of two mutual fund managers with the Fama-French 3-factor model. The fund managers and the Fama-French factors had the following performance over this period of time:

	Manager 1	Manager 2	mktrf	smb	hml
Avg. (total) Ret	18%	13%	8%	2%	6%
m k t	1.5	1	1	0	0
s	0.5	-0.5	0	1	0
h	0.5	0.5	0	0	1

Based on the Fama French 3-factor model, which manager is better?

Group of answer choices

Manager 1 did better

Not enough information

Manager 2 did better

Their performance was equally good