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Performance implications of active management of institutional mutual funds

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 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. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Accounting & Finance Wiley

Performance implications of active management of institutional mutual funds

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References (50)

Publisher
Wiley
Copyright
Accounting and Finance © 2013 AFAANZ
ISSN
0810-5391
eISSN
1467-629X
DOI
10.1111/acfi.12056
Publisher site
See Article on Publisher Site

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.

Journal

Accounting & FinanceWiley

Published: Mar 1, 2015

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