female portfolio manager and funds that have all female portfolio managers. Funds with all female managers perform no … idea that female managers need to perform better for their funds to survive. Yet, female-managed surviving funds have fewer … female and male managers, but that only the best performing female managers manage to survive …

support alpha delivery by mutual and hedge fund managers though this critically depends upon model specification. Quantile …

managerial replacement. We find that managers with superior performance that is due to sample variation are more likely to be … dismissed than are ‘unlucky' managers indicating that many fund companies are not captivated by the ‘lucky' managers' extreme … performance and willing to give ‘unlucky' managers another chance. Furthermore, underperforming managers are more likely to be …