S
Scott Waygood
Member
The solutions say that Treynor and Jensen measures are more suitable measures for parts of a portfolio, which is consistent with my SP5 notes. HFY performs better than HFX on these measures, which I agree with. I think that the 4th paragraph should read "This indicates that if looked at as part of a portfolio, HFY would be the clear preference, but if looked at individually, the difference is much less significant and HFX might be preferred." Does the mark scheme have it the wrong way around in paragraph 4?