We find that socially connected fund managers have more similar holdings and trades. The portfolio overlap of funds … whose managers reside in the same neighborhood is considerably higher than that of funds whose managers live in the same … city but in different neighborhoods. These effects are larger when managers are neighbors longer or are of a similar ethnic …

The on-going debate over whether fund managers have skills and whether those skills are short-lived is still … literature in two folds. First, managers ranked highest on MPPM in the current quarter earn largest fee-adjusted fund returns in … the following quarter. Those managers hold younger, smaller, lower book-to-market, and momentum stocks. Second, taking …

between equity fund flow and investment volatility in Taiwan. Our empirical results show that the equity fund managers will be … strategy of equity fund managers. Belong to low-risk equity funds, the equity fund managers tend to attract investors to … performance. Conversely, belong to high-risk equity funds, the equity fund managers to increase fund performance, efforts to …