-reported investment styles, and to improve relative performance evaluation. Subsequently, we relate style analysis to performance … evaluation and present results on the performance of Dutch mutual funds. Most strinkingly, Dutch mutual funds that mainly invest …

level of risk. The performance of pension funds is often measured by their global asset returns because of the latter …

impact of past performance on flows.We model the flow-performance relationship at the monthly frequency, allowing for … dependence of the sensitivity of flows to past performance on size and age of the fund.The dynamics of the impact of past … performance is modelled using polynomial lag structures.Performance from 6 to 8 months ago seems to have thestrongest impact on …

fund performance in the first semester of a year influences risk-taking in the second semester.However, we show that …

standard estimates of performance persistence.In this paper we analyze the persistence in the performance of U.S. hedge funds … it depends upon historical performance.Next, we use a weighting procedure that eliminates look-ahead bias in measures for … performance persistence.The results show that the impact of look-ahead bias is quitesevere, even though positive and negative …