Performance implications of active management of institutional mutual funds
We use information on institutional US mutual funds to examine the performance implications of the decisions they make when actively implementing their investment processes. Our findings show that the success of active fund managers' stock selection decisions is influenced both by the aggressiv...
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Published in | Accounting and finance (Parkville) Vol. 55; no. 1; pp. 1 - 27 |
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Main Authors | , , |
Format | Journal Article |
Language | English |
Published |
Clayton
Blackwell Publishing Ltd
01.03.2015
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Subjects | |
Online Access | Get full text |
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Summary: | We use information on institutional US mutual funds to examine the performance implications of the decisions they make when actively implementing their investment processes. Our findings show that the success of active fund managers' stock selection decisions is influenced both by the aggressiveness with which they implement their processes and also the style tilts incorporated into their active positions. Our findings provide useful insights into both where one might best look when choosing an active manager and also suggest possible profitable investment strategies. |
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Bibliography: | ark:/67375/WNG-9STM0305-2 istex:88A5848D74CE20ADD9C0E4E527F49F3A32B40F66 ArticleID:ACFI12056 |
ISSN: | 0810-5391 1467-629X |
DOI: | 10.1111/acfi.12056 |