Item

Performance implications of active management of institutional mutual funds

Abstract
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.
Type
Journal Article
Type of thesis
Series
Citation
Bird, R., Pellizzari, P., Yeung, D. (2013). Performance implications of active management of institutional mutual funds. Accounting & Finance, published online 15 November 2013.
Date
2013
Publisher
Wiley
Degree
Supervisors
Rights
Publisher version