Clare, Andrew; Motson, Nick; Sapuric, Svetlana; … - In: International Review of Financial Analysis 35 (2014) C, pp. 167-177
Using a unique database of UK fund manager changes over the period from 1997 to 2011, we examine the impact of such changes on fund performance. We find clear evidence to suggest that a manager change does affect the benchmark-adjusted performance of UK mutual funds. In particular we find a...
