Active Manager Q

CFA Level III
#1

To determine if a fixed-income/equity managers are active.

  1. Fixed Income manager: Active as long as the duration is not matched. 2, Equity Manager: RBSA: R2 < 85% HBSA: weight mismtch Anything I missed? TIA.
#2

is that 85% cutoff in the curriculum?

#3

No, it’s just a conservative estimate. On P230, Example 6, a manager with R2=91.9% is active.

#4

Doesn’t that contradict your 85%? I thought I remember a 95% in Schweser or somewhere. Below 95% is active.

#5

I remember that it’s 95%, too.