Elephants in ancient China Elephants in ancient China The existence of elephants in ancient China is attested both by archaeological evidence and by depictions in Chinese artwork. Long thought to belong to an extinct subspecies of Asian elephants, named "Elephas maximus rubridens", they lived in Central and Southern China before the 14th century BC. They once occurred as far north as Anyang, Henan in northern China. The elephant is mentioned in the earliest received texts, including the "Shijing", "Liji", and "Zuozhuan." The oracle bone script and bronzeware script glyphs for elephant are pictographic depictions of an animal with a long trunk. Their modern descendant
Relative return a meaningful sense for absolute return strategies. After all, the neutral position of these portfolios is to be fully invested in cash without any other long or short positions. Thus, the risk-free rate is an appropriate benchmark to use for measuring the relative return of absolute return strategies. Relative return Relative return is a measure of the return of an investment portfolio relative to a theoretical passive reference portfolio or benchmark. In active portfolio management, the aim is to maximize the relative return (often subject to a risk constraint). In passive portfolio management, the aim is to obtain a relative