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The southern Black Codes:
Money Managers
Professionals who make investment decisions and manage the portfolio of securities for their clients.
Alpha
A measure of the active return on an investment, indicating how much a portfolio has outperformed or underperformed its benchmark index.
CAPM
The Capital Asset Pricing Model, a theory that describes the relationship between the risk of a security and its expected return.
Expected Return
The anticipated value or profit that an investment is predicted to generate.
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