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Using a sample of Chinese mutual funds, we empirically assess how managerial heterogeneity affects mutual fund performance. We find that funds with higher manager fixed effects outperform those with lower [...]

We examine the correlation between organizational structure (public vs. private) and managerial turnover in a large sample of United States offered mutual funds. Consistent with the hypothesis that publicly traded [...]

It is common for rewards to be given on the basis of a rank ordering, so that relative performance amongst a cohort is the criterion. In this paper we formulate [...]

Hedge-fund manager William Ackman had liquidated his once highflying hedge fund, Gotham Partners due to the bad performance of some private-equity investments and high-profile investigations by Government regulators into abusive hedge-fund trading tactics. However, in January 2004, he came back as the general partner of a new hedge-fund organization, Perishing Square Capital Management.

I. INTRODUCTION Hedge fund strategies have historically been shown to deliver good risk-adjusted returns and further have proven to enhance the risk/ return profile of a generic portfolio of traditional [...]

Some benchmarks are inherently easier for an active manager to beat than others. This is primarily due to two specific structural characteristics of the benchmark. First, the greater the number [...]

These days, much equity research is becoming commoditised, with analysts across the finance sector working with similar tools on similar data provided by companies at similar times. At the same [...]

For all the noise around charges, you would think it would no longer be possible for fund managers to make their AMCs and TERs look lower than they are by [...]

voices from the web Despite doubts about availability of gas, its cost and viability of using naphtha or other feedstocks, companies from the Middle East are continuing to plan new [...]

The lack of a single standard for communication between the various participants in the fund management industry from custodians and brokers of various sizes to customers - is the biggest [...]

Private investor demand for managed account investing is growing, and at the heart of this growth is the proposition that this method provides access to hedge fund returns without the [...]

While many absolute return funds may be able to justifiably claim that over the past few years they have 'done what they said on the tin', the returns generated against [...]

I made the mistake of asking more than one person at an industry party what I should write about this week. 'It's got to be Europe, hasn't it?' they replied [...]

The May rebalancing has thrown up a few surprises as panellists grapple with uncertainty. With the eurozone crisis, the region has found itself downgraded in the aggressive portfolio by panellists. [...]

The Securities and Exchange Commission is examining whether hedge fund managers abused tools known as side pockets that helped stop clients withdrawing billions of dollars of assets during the financial [...]

Most multi-manager funds are not an investment panacea for IFAs according to Nick Frank from Fund Intelligence. Mr Frank, business development manager for discretionary fund manager Fund Intelligence and a [...]

The Schroder managed balanced fund may be in an unexciting sector but manager Andrew Yeadon has been producing consistent outperformance It is not very often that I feel compelled to [...]

The IMA Cautious Managed Sector has broad appeal for investors who are concerned about embracing the level of risk that goes with investing in Active and Balanced Managed Funds. However, [...]

When it comes to pension plans and hedge funds, size matters. That message came across loud and clear last fall when the US$298-billion California Public Employees' Retirement System (CalPERS) eliminated [...]

Who would be a UK equity income fund manager? I don't mean from the point of view of quality of life, which is presumably no shabbier than that of any […]

Multi-asset managers need to be able to move swiftly in and out of asset classes to maximise returns, according to Baring Asset Management. Research conducted by the asset manager into [...]

Baring Asset Management says absolute return funds can complicate multi- manager multi-asset portfolios because the underlying managers do some of the asset allocation work that would normally be done by […]

I hear on the grapevine that day trading which gripped a nation a decade ago is in the ascendancy again. The technology boom was fuelled by every man and his […]

Investors in UK tracker funds are paying GBP45m too much a year in total charges, according to Fidelity International. Gary Shaughnessy, managing director of defined contribution and retail business for [...]

Gilts are something people run to in times of trouble, so it comes as no surprise this sector has been popular in the past year, although not so much of […]

Doing a spot of judging a few months back for the HeadlineMoney Awards - and of course I would not dare break the organiser's ruthlessly enforced code of silence as […]

Psychometric" - from the Greek "metron", meaning "measure", and "psycho", meaning "insane". OK, so that second bit isn't true but it sometimes feels as if it should be. I've always […]

What is it? The European Commission (EC) has proposed a directive to curb the growth of hedge fund and private equity fund managers. Fund managers have reacted furiously. They argue [...]

The Investment Management Association has called for the asset management industry to take further action in holding companies' boards to account. Robert Jenkins, chairman of the IMA, said: 'It is [...]

In markets such as today, funds of funds managers are leaning on experienced managers as the best able to produce returns, with older names accounting for well over half of […]

Investment consultancy Allenbridge Group PLC offers a psychologist service that, in normal times, typically assists young people who have inherited a lot of money to deal with the effects of [...]

Moves indicated by the FSA toward more equal treatment of platforms, when compared with other investment providers, raise some fascinating questions. I think this provides the opportunity to concentrate on […]

Chris Salih looks at the recent spate of fund mergers and closures in an effort to cut costs and gauges opinion on if they are set to continue The number […]

Byline: Dawn Kissi Traditional asset managers over the last two years have rapidly adopted execution management systems (EMS), which historically have been associated with hedge funds and other firms seeking [...]