Are hedge fund managers skilled?
Sign Up to like & getrecommendations! Published in 2020 at "Global Finance Journal"
DOI: 10.1016/j.gfj.2020.100574
Abstract: Abstract This study measures the skill of hedge fund (HF) managers by calculating the value added that they extract from capital markets. Applying bootstrapping to control for luck, we find that HF managers are skilled,… read more here.
Keywords: managers skilled; fund managers; value added; hedge fund ... See more keywords
Why do fund managers increase risk
Sign Up to like & getrecommendations! Published in 2017 at "Journal of Banking and Finance"
DOI: 10.1016/j.jbankfin.2017.01.018
Abstract: This paper examines the relationship between the increase in fund risk and subsequent cash flows. We attempt to test the hypothesis that an increase in fund risk actually increases the net flows of equity funds,… read more here.
Keywords: risk; fund managers; net flows; managers increase ... See more keywords
Disposition effect in fund managers. Fund and stock-specific factors and the upshot for investors
Sign Up to like & getrecommendations! Published in 2020 at "Journal of Economic Behavior and Organization"
DOI: 10.1016/j.jebo.2020.04.002
Abstract: Abstract This paper evaluates the presence of disposition effect in Spanish equity funds and its implications for investors. We find that disposition spread is not a widespread bias, but it exists across funds. This effect… read more here.
Keywords: effect; effect fund; disposition effect; fund managers ... See more keywords
Conditional Market Timing in the Mutual Fund Industry
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DOI: 10.1016/j.ribaf.2017.07.072
Abstract: This study complements the scarce literature on conditional market timing in the mutual fund industry by assessing determinants of market timing throughout the distribution of market exposure. It builds on the intuition that the degree… read more here.
Keywords: fund managers; market; market exposure; fund ... See more keywords
Coskewness timing ability in the mutual fund industry
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DOI: 10.1016/j.ribaf.2020.101224
Abstract: Abstract The ability of mutual fund managers to time coskewness successfully can help them manage their portfolio’s exposure to potential losses and improve their fund’s performance. This study assesses whether mutual fund managers are able… read more here.
Keywords: fund managers; ability mutual; coskewness; fund ... See more keywords
Fund Managers’ Association Networks, Information Sharing and Fund Performance
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DOI: 10.1080/13504851.2019.1646400
Abstract: ABSTRACT This article studied the social network of fund managers based on their historical working relationships, and investigated how these relations influenced their information sharing as well as the fund performance. We found that (i)… read more here.
Keywords: information sharing; fund managers; fund performance; fund ... See more keywords
Alumni Networks and Investment Strategy: Evidence from Chinese Mutual Funds
Sign Up to like & getrecommendations! Published in 2019 at "Emerging Markets Finance and Trade"
DOI: 10.1080/1540496x.2019.1643321
Abstract: ABSTRACT While fund managers are connected by interpersonal linkages, the investment strategy of a mutual fund would follow a similar pattern due to interpersonal communications and information exchange. This paper focuses on the connection of… read more here.
Keywords: investment strategy; fund managers; strategy; connection ... See more keywords
Do Fund Managers Misestimate Climatic Disaster Risk
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DOI: 10.1093/rfs/hhz143
Abstract: We examine whether professional money managers overreact to large climatic disasters. We find that managers within a major disaster region underweight disaster zone stocks to a much greater degree than distant managers and that this… read more here.
Keywords: fund managers; climatic disaster; managers misestimate; misestimate climatic ... See more keywords