This is really frustrating me:
Reading 24 EOC question 12B:
Compute the Sortino ratio from the below table and, based on this statistic, evaluate the performance of the hedge fund.
How do I calculate the annualised return from the below portfolio of monthly returns?
Month** Hedge Fund Returns (%)** January 3.50 February 4.00 March –2.00 April –2.00 May –1.00 June 0.90 July –1.00 August 1.70 September 2.70 October 3.70 November 0.40 December –3.20
Thank you for your kind help.