Suppose that the active return for a portfolio over the past year was 130 basis points after

Question:

Suppose that the active return for a over the past year was 130 basis points after management fees. What questions would you have to before concluding that the manager’s performance was exceptional?
Portfolio
A portfolio is a grouping of financial assets such as stocks, bonds, commodities, currencies and cash equivalents, as well as their fund counterparts, including mutual, exchange-traded and closed funds. A portfolio can also consist of non-publicly...