A number of prior studies have examined qualitative and quantitative indicators that help investors decide which funds to invest in. The majority of these have focused on indicators of performance, which fit broadly into two categories: measures of the funds' historical performance (e.g. risk...

We propose a portfolio holdings-based method for evaluating global equity funds that decomposes excess returns versus benchmark indices into contributions from six equity and three currency ‘style factors', and alpha. The method is used to characterize sources of performance for institutional...

Our contribution to funds management research is in matching qualitative information sourced from the fund manager with their own quantitative data concerning what assets they own, how they trade, and how their portfolios are managed. We find that survey responses are informative of...

We apply a range of methods for estimating capacity in a fund management context, and discuss the implications of the results. In addition to demonstrating how capacity analysis may be undertaken, we highlight the key determinants of estimated capacity. The central issue is the ability of a fund...

We apply a range of methods for estimating capacity in a fund management context, and discuss the implications of the results. In addition to demonstrating how capacity analysis may be undertaken, we highlight the key determinants of estimated capacity. The central issue is the ability of a fund...