This paper investigates the role of the family organization of the mutual fund industry in shaping managerial portfolio … same fund family significantly outperform managers who passively mimic their family's portfolio. The superior performance … the family portfolio because withholding their investment ideas from family peers enables such managers to achieve top …

companies listed on the Swiss Exchange for the period 2003-2013. The distinction is made between family firms, widely held firms … and those owned by another blockholder, as well as between the generation of the family firm and the active involvement of … the family in the management of the company. The results of the study show that differences in the ownership structure of …

family has on performance. We test for strategic and competitive behaviour among family funds and whether this affects … performance persistence and risk taking behaviour. We find no conclusive evidence of stronger performance persistence among family … funds versus non-family funds, although we do find some significant differences in the future performance of portfolios of …