Mastodon have been no reports of currently recognized "Mammut" species outside of North America according to Paleobiology database (which does not recognize "M. borsoni"). However, the status of "Mammut" or "Zygolophodon borsoni" in the literature appears equivocal. "Mammut" is a genus of the extinct family Mammutidae, related to the proboscidean family Elephantidae (mammoths and elephants), from which it originally diverged approximately 27 million years ago. The following cladogram shows the placement of the American mastodon among other proboscideans, based on hyoid characteristics: Over the years, several fossils from localities in North America, Africa and Asia have been attributed to "Mammut", but
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