The subtleties of asset management -- Understanding the playing field -- Skill, scale, and luck in active fund management -- What may and can be forecasted? -- The blueprint to long-term performance -- Building better portfolios -- We know better, but--

People spend days together in taking recommendation and studying various models making before purchasing a vehicle. This practice is however never replicated when it comes to making a financial investments entailing far reaching consequences.Since the last two decades, Indian economy has...

This paper investigates the purchases and redemptions of a large cross-sectional sample of German equity funds. We find that investors punish bad performance by selling their shares, but also have a tendency to sell winners. Investors in large fund families show higher sales and redemption...