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The Impact of Experience on Risk Taking, Overconfidence, and Herding of Fund Managers: Complementary Survey Evidence
Brozynski, Torsten; Menkhoff, Lukas; Schmidt, Ulrich - 2004
Empirische Untersuchungen haben gezeigt, dass unerfahrene Fondsmanager signifikant höhere Renditen erzielen als ihre … erfahrenen Kollegen. Dieses Ergebnis würde der Hypothese der Markteffizienz widersprechen, falls die Portfolios der unerfahrenen … Manager nicht ein höheres Risiko aufweisen. Insofern stellt sich die Frage, ob unerfahrene Fondsmanager tendenziell höhere …
Persistent link: https://www.econbiz.de/10010261673
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Endogenous Benchmarks
Hunter, David; Kandel, Eugene; Kandel, Shmuel; Wermer, … - Centre for Financial Research <Köln> - 2009
This paper develops a new approach that controls for commonalities in actively managedinvestment fund returns when measuring their performance. It is well-known that manyinvestment funds may systematically load on common priced factors omitted from popularmodels, exhibit similarities in their...
Persistent link: https://www.econbiz.de/10009302648
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Risikoverhalten von Investmentfondsmanagern
Thiele, Tanja - 2009 - 1. Aufl.
Persistent link: https://www.econbiz.de/10003819358
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Essays on international asset management : evidence for developed West and emerging East
Nikiforow, Marina - 2011
Persistent link: https://www.econbiz.de/10008989665
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Entscheidungsprozesse im Fondsmanagement
Drachter, Kerstin - 2012
Persistent link: https://www.econbiz.de/10009512388
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The use of trading strategies by fund managers : some first survey evidence
Menkhoff, Lukas (contributor); Schmidt, Ulrich (contributor) - 2005
Our questionnaire survey finds that most fund managers rely on the strategies of buy-&-hold, momentum and contrarian trading. These strategies are typically applied mutually. Their use is rooted in the attributes and beliefs of the respective fund managers: buy-&-hold traders behave...
Persistent link: https://www.econbiz.de/10002765484
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Do fund managers expect mean averting returns?
Stotz, Olaf; Lütje, Torben; Menkhoff, Lukas; Nitzsch, … - 2004 - [Elektronische Ressource]
This paper finds that fund managers do not expect mean reverting returns, as suggested by theory and empirical evidence, but mean averting returns. The degree of mean aversion is positively related to preferences for non-fundamental information and loss aversion.
Persistent link: https://www.econbiz.de/10002485540
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Koevolution von AIFM- und OGAW-Regime : Zeit für die einheitliche europäische Regulierung der Investmentfondsverwalter
Dürschke, Oliver - 2021
Persistent link: https://www.econbiz.de/10012505177