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You observe the following returns for the Kramerica Global Strategies Hedge Fund: Date Return End of Day Price Jan 2 Jan 3 Jan 4 Jan
You observe the following returns for the Kramerica Global Strategies Hedge Fund: Date Return End of Day Price Jan 2 Jan 3 Jan 4 Jan 5 Jan 6 Jan 9 Jan 10 Jan 11 Jan 12 Jan 1 $98.5 $100.47 $99.97 $101.36 $102.78 $102.52 $100.66 $97.64 $97.89 $97.50 1.5% 2% 0.5% 1 . 39% 1.4% 0 . 25% -1.81% -3% 0.25% -0.4% a. What is the fund' s semistandard deviation over this time period? b. What is the fund's shortfall Risk, assuming a benchma rk of 0.5%? C. What is the fund's maximum drawdown
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