a. Based on this data, can you conclude that Manager A underperformed the market and Manager B outperformed the market? Why or why not?
b. What additional information do you think you would require in order to perform a compelling analysis of the investment performance of these managers?
c. What was the most likely investment objective followed by Portfolio Manager C? By Manager A?
d. What might explain the fact that Manager B's portfolio is so much less diversified than those run by Managers A and C?
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