Judging Fund Managers by the Company They Keep
Article Abstract:
A performance evaluation measure is developed that assesses a fund manager's skill based on the level of similarity between his/her investment decisions and those of managers with distinguished performance track-records. The measure is found to yield significant predictability in US equity funds returns.
Publication Name: Journal of Finance
Subject: Business
ISSN: 0022-1082
Year: 2005
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On the industry concentration of actively managed equity mutual funds
Article Abstract:
A study on U.S. based mutual funds to understand the extent of gains achieved by mutual fund managers by opting for industry concentration rather than a well-diversified portfolio is presented. The study relates to the period from 1984 to 1999.
Publication Name: Journal of Finance
Subject: Business
ISSN: 0022-1082
Year: 2005
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Do the Fama-French factors proxy for innovations in predictive variables?
Article Abstract:
The article proposes the feasibility of alternate Fama-French methods to examine the impact of business conditions on investment returns.
Publication Name: Journal of Finance
Subject: Business
ISSN: 0022-1082
Year: 2006
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