effective beta - Rd38 Q1/B

any know whether effective beta is mentioned in the text? effect beta = market value change in portfolio / market value change in market ???

I can’t remember where, but it is in Schweser somewhere

I think it is ratio of the hedged return to the market return. When you hedge the portfolio with futures and if the market goes up/down(like S&P), your hedged portfolio will also move up/down.