The existing portfolio manager was replaced by a new portfolio manager and the analysis has shown that the distance between the pessimistic and best case scenario of the new portfolio manager is…

An optimistic manager would set a higher best-case estimate but would not necessarily produce a wider spread between the two extremes.

A pessimistic manager would set a lower best-case estimate and typically produce a narrower, more conservative range between scenarios.

A risk-averse manager would have a narrower spread between scenarios, preferring certainty and minimizing exposure to uncertain outcomes.

A risk taker is defined by a wider spread between worst-case and best-case estimates, reflecting a willingness to accept significant uncertainty in pursuit of potential upside. The new manager's larger distance between pessimistic and optimistic outcomes compared to the prior manager directly indicates a higher risk tolerance and risk-taking disposition.