Performance Evaluation Quiz

CFA Level III
#1

Which level of a macro performance evaluation measures “misfit return”? a) asset categories level b) benchmark level c) investment manager level

#2

C) ???

#3

B

#4

B

#5

benchmark level = manager’s benchmark - investor’s benchmark

#6

goodman2011 Wrote: ------------------------------------------------------- > benchmark level = manager’s benchmark - investor’s > benchmark Well done

#7

B? Beginning Value Net Contributions Risk Free Asset Categories Benchmark Manager level Allocation Effects Total Return

#8

B. Active return = benchmark - investment manager Misfit return = asset allocation - benchmark

#9

B for the win! Manager = true active return BM = misfit return

#10

This is my blind spot…I have seen a question to calculate them. thanks.