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Family matters : ranking within fund families and fund inflows

Kempf, Alexander; Ruenzi, Stefan - 2004

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 …

Persistent link: https://www.econbiz.de/10009524827

Trading Efficiency of Fund Families : Impact on Fund Performance and Investment Behavior

Cici, Gjergji - 2016

trading of affiliated funds. We estimate the trading efficiency of a fund family's trading desk as the difference between the … gross return of the family's index fund, which incorporates trading costs, and the return of the underlying index, which …

Persistent link: https://www.econbiz.de/10013005757

Trading efficiency of fund families : impact on fund performance and investment behavior

Cici, Gjergji; Dahm, Laura K.; Kempf, Alexander - In: Journal of banking & finance 88 (2018), pp. 1-14

Persistent link: https://www.econbiz.de/10011962573

Patience is a virtue - in value investing

Hens, Thorsten; Schenk-Hoppé, Klaus Reiner - 2018

This note illustrates a simple but important insight for financial investment. In a heterogeneous agent-based evolutionary finance market model with long-lived assets, markets are stable if clients of fundamental ('value') investment funds are more patient than clients of other funds

Persistent link: https://www.econbiz.de/10011899600

Fund manager allocation

Fang, Jieyan; Kempf, Alexander; Gehde-Trapp, Monika - 2010

We study whether fund families efficiently allocate their fund managers to different market segments. Whether a fund manager can generate alpha simultaneously depends on her skills, and on the efficiency of the market segment in which she is employed. We show that in the more efficient...

Persistent link: https://www.econbiz.de/10008666528

Fund manager allocation

Fang, Jieyan; Kempf, Alexander; Gehde-Trapp, Monika - In: Journal of financial economics 111 (2014) 3, pp. 661-674

Persistent link: https://www.econbiz.de/10010375908

Volatility-induced financial growth

Dempster, Michael A. H.; Evstigneev, Igor V.; … - In: Quantitative fund management, (pp. 67-84). 2009

Persistent link: https://www.econbiz.de/10003796944

The German mutual fund market

Ber, Silke; Kempf, Alexander; Ruenzi, Stefan - In: Performance of mutual funds : an international perspective, (pp. 210-229). 2007

Persistent link: https://www.econbiz.de/10003427279

Tournaments in mutual fund families

Kempf, Alexander; Ruenzi, Stefan - 2004

position within their fund family. The direction of the adjustment crucially hinges on the competitive situation within a … family. Funds from small families behave in the opposite way than funds from large families. The results are very robust …

Persistent link: https://www.econbiz.de/10009524829

Speed of information diffusion within fund families

Cici, Gjergji; Jaspersen, Stefan; Kempf, Alexander - 2015 - This Draft: July 2015

We document that the speed of information dissemination within mutual fund families positively affects the performance of member funds. This suggests that the resulting benefits of higher information precision far outweigh free-riding costs associated with fast internal dissemination. The...

Persistent link: https://www.econbiz.de/10011296785