Paterson Asset Management (PAM) - Questions Help

Question 3

Paterson Asset Management (PAM) wish to conduct a top-down analysis of a multi-asset class fund. 91 quarterly return for the fund, its benchmark and risk free rate is provided in the file "quiz 3" in tab "top down". which of the following statement is incorrect regarding this analysis for the fund?

-  The fund's Information ratio is 0.135

-  The fund manager does not have the skills to generate positive alphas consistently at an 80% level of confidence.

-  The fund's Sharpe ratio is lower than the BM's Sharpe ratio

-  The fund's Tracking Error is 0.91% per quarter

-  The fund's Sharpe ratio is 0.133