, we find that the performance measures for an equally weighted portfolio of procyclical timing funds are greater than for …

discovery rate to assess the alpha-performance of individual funds with both domestic and other mandates, using self …: there is some positive-alpha performance when post-formation returns are evaluated using a one-factor global model but … substantial positive-alpha performance when using a four-factor global model. …

We evaluate the performance of 51 mutual fund families based on a study of their diversified US managed mutual funds … over an 11 year period and explore the determinants of performance gross of published expenses. We find that mutual fund …

activity and performance of actively managed U.S. equity funds from 2000 to 2007 and document robust evidence that future … performance is positively related to past stock picking and negatively associated with past market timing. Finally, we find that … performance while market timing decreases performance. …

We provide evidence of a significant relation between diversification and performance in the hedge fund industry … performance and diversification across sectors and asset classes. We show that on a risk adjusted basis, hedge funds that … significant positive relation between performance and diversification across sectors. However, diversifying across asset classes …

test, this article investigates (i) the performance of investments in diamonds of different quality grades, (ii) time …

the performance of hedge funds both in the cross-section and over time. We measure uncertainty via volatility of aggregate …

ability to find funds with persistent performance. …

performance as well as their location in the cross-sectional alpha distribution. Using a large cross-section of U.S. domestic … the left tail of the alpha distribution. We also find a small proportion of funds with truly positive performance, which …