Bryant, Lonnie L.; Liu, Hao-Chen - In: Global Finance Journal 22 (2011) 2, pp. 101-115
This article investigates the effects of a multiple fund management structure on the risk volatility of the funds simultaneously managed. Using a sample of 1480 mutual funds managed by 407 fund managers over a 3-year period, we find that the risk volatility of at least one fund managed by a...