Schweser V2 page 293 second afternoon exam Q59, It says manager universe benchmark has the merit of “reflective of current investment opinion”, thus I am confused, because the text book says it only has the merit of “meausurable”, so manager universe got two merits, pls clarify.
no idea what youre talking about. it literally says on page 293 in the first line " manager universes posses only one quality of a valid benchmark, which is measurabilty"