|Castle Alternative Investment R||S:CASN|
|New Venturetec 'B'||S:NEV|
|Castle Private Equity||S:CPE|
|Alpine Select 'R'||S:ALPN|
|Private Equity 'R'||S:PEHN|
from June 1997 through March 2017. The file also contains the Fama-French three factors based on European stocks, Mkt-Rf, SMB, HML, and Rf, also measured in US dollars.
Your assignment is to evaluate all six of these funds. Comment on the extent to which each fund shows either stock selectivity ability, or market timing ability, or both. Also, comment on the apparent “styles” of each fund (in terms of the Fama-French risk loadings). You should not write more than one double-spaced page (about 220 words) on each fund.
Click here to download the Excel worksheet with the answer.
A histogram showing the grades for this case is available in Acrobat's portable data format (.pdf). The file is about 4K and can only be viewed (and printed) using a copy of Acrobat Reader.
Click here to download this graph.