EFTA00617310Set 9
69p31,792w
differences (explained below) and is expressed mathematically as:
R_ — R a p +/3p[R. — Rft (3)
= the return on portfolio (or fund) p at time t
= the return ... 3month T-bill,µ is the error term at
time t, R„„- Rft is the excess return of the market portfolio at time t, and a p (Alpha ... return on a US 3month pi is the error term at
time t, R,,- Rft is the excess return of the market portfolio at time t, and cep (Alpha
https://www.justice.gov/epstein/files/DataSet%209/EFTA00617310.pdf
EFTA02731260Set 12removed from DOJ
2012-05-1081p10,921w
thAt:
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ill
it 1 cal0 vol vex \II\COtil vl Aa1lcny ... kited
, 4-4../r1
/4 Ltre-1-1
, Ni_L-rft tArc-ttret7 (tirid att tc-c-01-A) L.4)4-i
, P Our% 0.5--C) MA.0
https://www.justice.gov/epstein/files/DataSet%2012/EFTA02731260.pdf