Access the full text.
Sign up today, get DeepDyve free for 14 days.
Dimitri Vayanos, P. Woolley (2008)
An Institutional Theory of Momentum and ReversalAsset Pricing Theory
E. Fama, K. French (1993)
Common risk factors in the returns on stocks and bondsJournal of Financial Economics, 33
J. Golec (1996)
The effects of mutual fund managers' characteristics on their portfolio performance, risk and feesFinancial Services Review, 5
(1999)
The Journal of Finance
Kosowski Kosowski (2011)
Do mutual funds perform when it matters most to investors? US mutual fund performance and risk in recessions and expansionsQuarterly Journal of Finance, 1
Glode Glode (2011)
Why mutual funds ‘underperform’?Journal of Financial Economics, 99
Galen Burghardt, B. Walls (2012)
The Costs of Active Management
Y. Amihud, Ruslan Goyenko (2012)
Mutual Fund's R^2 as Predictor of PerformanceNew York University Stern School of Business Research Paper Series
Robert Jones, Russ Wermers (2011)
Active Management in Mostly Efficient MarketsFinancial Analysts Journal, 67
Jensen Jensen (1968)
The performance of mutual funds in the period 1945–1964The Journal of Finance, 23
Vincent Glode (2010)
Why Mutual Funds 'Underperform'Mutual Funds
Chan Chan, Chen Chen, Lakonishok Lakonishok (2002)
On mutual fund investment stylesThe Review of Financial Studies, 5
C. Emory (2011)
Luck versus Skill in the Cross-Section of Mutual Fund Returns
K. French (2008)
Presidential Address: The Cost of Active InvestingJournal of Finance, 63
Jeffrey Busse, Amit Goyal, Sunil Wahal (2010)
Performance and Persistence in Institutional Investment ManagementJournal of Finance, 65
Stephen Brown, W. Goetzmann (1996)
Mutual Fund StylesMutual Funds
(2011)
2011B), “Active Bets by Mutual Funds
Russ Wermers (2012)
Matter of Style: The Causes and Consequences of Style Drift in Institutional PortfoliosERN: Other Econometrics: Applied Econometric Modeling in Financial Economics - Econometrics of Corporate Finance & Governance (Topic)
Berk Sensoy (2008)
Performance Evaluation and Self-Designated Benchmark Indexes in the Mutual Fund IndustryAmerican Finance Association Meetings (AFA)
Moskowitz Moskowitz (2000)
Mutual fund performance: an empirical decomposition into stock‐picking talent, style, transaction costs, and expenses: discussionJournal of Finance, 55
M. Cremers, Antti Petajisto (2009)
How Active is Your Fund Manager? A New Measure That Predicts PerformanceS&P Global Market Intelligence Research Paper Series
Robert Kosowski (2006)
Do Mutual Funds Perform When it Matters Most to Investors? US Mutual Fund Performance and Risk in Recessions and ExpansionsCapital Markets: Asset Pricing & Valuation
Busse Busse, Goyal Goyal, Wahal Wahal (2010)
Performance and persistence in institutional managementThe Journal of Finance, 65
M. Jensen (1967)
The Performance of Mutual Funds in the Period 1945-1964Harvard Business School: Negotiation
William SHARPEt, Jack Treynor (2007)
MUTUAL FUND PERFORMANCE*
Cremers Cremers, Petajisto Petajisto (2009)
How active is your fund manager? A new measure that predicts performanceThe Review of Financial Studies, 22
Russ Wermers (2000)
Mutual Fund Performance: An Empirical Decomposition into Stock-Picking Talent, Style, Transactions Costs, and ExpensesJournal of Finance, 55
Marcin Kacperczyk, Amit Seru (2007)
Fund Manager Use of Public Information: New Evidence on Managerial SkillsRoss: Finance (Topic)
Kent Daniel, Mark Grinblatt, S. Titman, Russ Wermers (1997)
Measuring mutual fund performance with characteristic-based benchmarksJournal of Finance, 52
W. Sharpe (1992)
Asset allocation, 18
Amit Goyal, Sunil Wahal (2008)
The Selection and Termination of Investment Management Firms by Plan SponsorsJournal of Finance, 63
J. Chevalier, Glenn Ellison (1999)
Are some mutual fund managers better than others
Andrew Ainsworth, Kingsley Fong, D. Gallagher (2007)
Style Drift and Portfolio Management for Active Australian Equity FundsAustralian Journal of Management, 32
Geoff Warren, F. Foster (2011)
Why Might Investors Choose Active Management?Journal of Behavioral Finance, 16
Jack Treynor (2012)
How to Rate Management of Investment Funds
R. Bird, Lorenzo Casavecchia (2011)
Conditional style rotation model on enhanced value and growth portfolios: The European experienceJournal of Asset Management, 11
L. Chan, Hsiu‐Lang Chen, Josef Lakonishok (1999)
On Mutual Fund Investment StylesNBER Working Paper Series
Carhart Carhart (1997)
On persistence in mutual fund performanceThe Journal of Finance, 52
R. Bird, Lorenzo Casavecchia, P. Pellizzari, P. Woolley (2011)
The impact on the pricing process of costly active management and performance chasing clientsJournal of Economic Interaction and Coordination, 6
K. Brown, W. Harlow, Hanjiang Zhang (2009)
Staying the Course: The Role of Investment Style Consistency in the Performance of Mutual FundsERN: Capital; Investment; Capacity (Topic)
(2007)
Seru, 2007, Fund manager use of public information: new
Antti Petajisto (2013)
Active Share and Mutual Fund PerformanceFinancial Analysts Journal, 69
Y. Amihud, Ruslan Goyenko (2012)
Mutual Fund's R2 as Predictor of PerformanceMutual Funds
Xuemin Yan (2006)
The Determinants and Implications of Mutual Fund Cash Holdings: Theory and EvidenceIO: Firm Structure
Aymen Karoui, Iwan Meier (2008)
Performance and characteristics of mutual fund startsThe European Journal of Finance, 15
R. Bird, P. Pellizzari, Danny Yeung, P. Woolley (2012)
The Strategic Implementation of an Investment Process in a Funds Management FirmResearch Papers in Economics
H. Baker, John Haslem, David Smith (2009)
Performance and Characteristics of Actively Managed Institutional Equity Mutual FundsThe Journal of Investing, 18
Mark Grinblatt, S. Titman (1992)
The Persistence of Mutual Fund PerformanceJournal of Finance, 47
W. Sharpe (2002)
ASSET ALLOCATION: MANAGEMENT STYLE AND PERFORMANCE MEASUREMENT
Robert Kosowski (2001)
Do Mutual Funds Perform When It Matters Most to Investors ? US Mutual Fund Performance and Risk in Recessions and Booms 1962-1994
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.
Accounting & Finance – Wiley
Published: Mar 1, 2015
Read and print from thousands of top scholarly journals.
Already have an account? Log in
Bookmark this article. You can see your Bookmarks on your DeepDyve Library.
To save an article, log in first, or sign up for a DeepDyve account if you don’t already have one.
Copy and paste the desired citation format or use the link below to download a file formatted for EndNote
Access the full text.
Sign up today, get DeepDyve free for 14 days.
All DeepDyve websites use cookies to improve your online experience. They were placed on your computer when you launched this website. You can change your cookie settings through your browser.