Recent research has shown that institutional herding is a relevant phenomenon in stock markets. Do institutional investors also follow each other in bond markets? This paper focuses on the German bond market and uses data from 57 German mutual funds that invest mainly in DM-denominated bonds,...

The main purpose of the study is to reveal how accurate Sharpe's style analysis model is in the context of the analysis of funds of hedge funds. Therefore, we analyse the influence of the three parameters of a style analysis model, which are defined by the user: the number of indices which are...

Portfolio selection has been in the focus of financial research for at least thirty years. With a hand-collected data set containing information about the portfolio structure of private and institutional investors our paper gives a brief literature review and sheds light on the home bias effect...