30% of the value mutual fund managers add can be attributed to the firm's role in efficiently allocating capital amongst … its mutual fund managers. We find no evidence of a similar effect when a firm hires managers from another firm. We …

-skill managers outperform their low-skill peers in the following month in terms of raw returns and alphas. This outperformance is …

document that investors recognize this skill and reward it by investing more capital with skilled managers. Higher skilled … managers are paid more and there is a strong positive correlation between current managerial compensation and future …

The market timing is one of the active methods used by portfolio managers to do their investments more effective. It … allows to separate management skills on a micro and macro scale. The market timing applies to the appropriate selection of … the managers of balanced open-end mutual funds operating on the Polish market apply market timing skills. Nine balanced …

The on-going debate over whether fund managers have skills and whether those skills are short-lived is still …, nor estimation error, (the manipulation-proof performance measure (MPPM, Goetzmann et al. (2007)), we rank all U … insights. First, fund managers in the higher ranked MPPM deciles persistently outperform lower ranked managers by posting …