Sortino

Coefficient

Robust Standard Error

P-Value

Fixed Income Comp.

0.077***

0.024

0.001

Variable Income Comp.

−0.041

0.088

0.641

Manager Exp.

−0.001

0.002

0.440

Numb. Managed Funds

0.004***

0.001

0.009

Administration Fee

−1.093***

0.241

0.000

Performance Fee

0.913***

0.337

0.007

Size (Net Equity)

0.001***

0.001

0.000

Constant

−0.812

0.667

0.223