The objective of this study is to provide a new approach to assessing fund management and to establish whether there is empirical support for this approach. The new approach will improve investors’ decision making with respect to the management and investment of their assets. We construct...

Research conducted at theUniversity of StellenboschBusiness School into thelong-term performance ofequity fund managers found that pastperformance was not a reliable indicatorof future performance. The study linksup with the trends revealed by previousinternational and local studies andfound...

This study attempts to determine the degree to which the state of the macroeconomy can be used to create a mutual fund investment strategy that consistently outperforms the S&P 500. By quantifying how systematic economic factors affect the relative performance of different fund strategies...

The paper examines trends of foreign direct investments (FDI) in the Baltic States and macroeconomic factors causing FDI flow from capital exporting countries to host economies. Authors analyze the conditions under which FDI is likely to replace export or import. Questions, how FDI adds up to...

This dissertation is based on the hypothesis that a third dimension, namely investmenttime horizon, can add value to the more conventional two-dimensional methodologyof assessing the relative risk and return attributes of various assets and portfolios inorder to enhance investment decisions.This...

We show that market frictions and agency considerations are important concerns when institutional investors make portfolio allocation decisions. For a sample of widely followed firms, institutional holdings increase with increases in visibility as measured by the number of analysts following the...

Master of Agribusiness

In recent years there has been an increased interest in the extent to which managers can improve their property portfolio position through international diversification. Much of this interest has centred on the use of various statistical/econometric tests of time-varying correlations and...