In this paper, we investigate the impact of using different sell discipline criteria in the management of equity portfolios. We examine the differences among the sell discipline criteria with respect to the portfolio's risk-adjusted returns and downside risk. We use an institutional money...

This study takes a novel approach to testing the efficacy of technical analysis. Rather than testing specific trading rules as is typically done in the literature, we rely on institutional portfolio managers' statements about whether and how intensely they use technical analysis, irrespective of...

Using a unique money manager database that allows managers to identify their own investment styles, we examine 4,754 non mutual fund value- and growth-oriented portfolios over the period 1999-2003. Consistent with style definitions, we find that on average, growth funds have price-earnings...