What are the similarities and differences between the time- and dollar-weighted rates of return within the context of evaluating a portfolio (or fund) manager’s contribution (or performance)? The...

What are the similarities and differences between the time- and dollar-weighted rates of return within the context of evaluating a portfolio (or fund) manager’s contribution (or performance)? The common element of the two types of return is that they will produce the same number if there are no additions to or withdrawals from the portfolio by the client over the evaluation period.