unique features of the mutual fund industry, we identify instances when this matching happens for fund managers and study its … consequences. After fund managers are matched, they operate at a higher level of productivity and deliver higher performance. Fund … managers, collecting higher fees from their funds, and spreading the expertise of their matched managers to other managers in …

To optimally utilize their labor, fund families need to match their portfolio managers' skills with the job … requirements of different funds. Fund families make it possible for their managers to try out different funds in a learning …-by-trying fashion until they find their best match. After they have reached their best match, managers operate at higher productivity …

unique features of the mutual fund industry, we identify instances when this matching happens for fund managers and study its … consequences. After fund managers are matched, they improve their risk-adjusted performance significantly. Fund companies use this … information to maximize company value by reallocating existing and directing new capital to their matched managers and by …

equity funds that shows evidence of stock-selection ability, we do not find evidence consistent with bond fund managers, on …

. Although some managers benefit from closely following their buy-side analysts' ideas, research generated by these analysts is … generally being underutilized by affiliated managers. The underutilization is consistent with entrenched managers choosing to …

fund managers before and after initiations of TRACE and introductions of issuers into Markit's CDS database. Disseminated …