family has on performance. We test for strategic and competitive behaviour among family funds and whether this affects … performance persistence and risk taking behaviour. We find no conclusive evidence of stronger performance persistence among family … funds versus non-family funds, although we do find some significant differences in the future performance of portfolios of …

families with which they have previous experience. Our results are consistent with the influence of family-level reputation and …-based purchases, investors earn higher returns even controlling for investor ability and within-family correlation …

We show that early-life family disruption (death or divorce of a parent) causes fund managers to be more risk averse …-treated managers. This effect is most pronounced for managers who experienced family disruption during their formative years or who had …

We show a long-lasting association between a common societal phenomenon, early-life family disruption, and investment …

This paper investigates the role of the family organization of the mutual fund industry in shaping managerial portfolio … same fund family significantly outperform managers who passively mimic their family's portfolio. The superior performance … the family portfolio because withholding their investment ideas from family peers enables such managers to achieve top …

This paper examines the influence of the position of a fund within its family on its subsequent net-inflows. Our … empirical study of the US equity mutual fund market shows that reaching a top position within the family leads to large inflows … moves into the top positions within its family from one year to another. These results lead to competition within the fund …

invest in other funds in the family, and are offered by most large families. Though never mentioned in any prospectus, we … discover that AFoMFs provide an insurance pool against temporary liquidity shocks to other funds in the family. We show that … though the family benefits because funds can avoid fire-sales, the cost of this insurance is borne by the investors in the …