This paper proposes a Bayesian method of performance evaluation for investment managers. We begin with a flexible set … zero investment in managers with the best past performance …

We examine the performance of the offshore hedge fund industry over the period 1989 through 1995 using a database that … little evidence of differential manager skill. We develop endogenous style categories for relative fund performance measures …

Measuring the performance of private equity investments (buyout and venture) has historically only been possible over … approach to evaluating performance using actual prices paid for limited partner shares of funds in secondary markets. We … construct indices of buyout and venture capital performance using a proprietary database of secondary market prices between 2006 …

We present a comprehensive analysis of the performance and flows of U.S. actively-managed equity mutual funds during …

adjusting for any risk). In the cross-section of funds, there is a substantial disconnect between lifetime performance and … incentive fees earned. These poor outcomes stem from the asymmetry of the performance contract, investors' return …

) about their portfolio performance, decisionmaking and activities during the Covid-19 pandemic. Given that PE managers have … the Covid-19 pandemic. As a result of the pandemic, they expect the performance of their existing funds to decline. They …

effective asset allocation. It examines the constant in the style analysis regressions which reflects the over- or under-performance … people roughly 60 years old, lost between 20 and 25 percent of their value. We find that past performance only weakly … influences future expected performance. As with equity funds in general in this period, TDFs with actively managed ingredient …

Portfolio performance measures using holdings data are panel regressions. The returns of a fund's stocks are regressed … on its lagged portfolio weights. Stock fixed effects isolate average performance from time-series predictive ability …. Control variables condition fund performance on the characteristics of the stocks held. The long term performance of average …

investment and firm performance. We find that firm size and moderate competition is associated with higher intangible investment …, while firm age is associated with lower intangible investment. Examining firm performance, we find that higher investment is … and 'soft' performance objectives, but not with productivity or profitability …