Manager characteristics: Predicting fund performance

Andrew Clare, Meadhbh Sherman, Niall O'Sullivan, Jun Gao and Sheng Zhu

International Review of Financial Analysis, 2022, vol. 80, issue C

Abstract: A great deal of research effort has sought to understand whether fund managers have skill. However, most of this research draws inferences from fund returns attributable to funds that may have been managed by many different managers over the years. In this paper we focus on the fund manager. We put together a comprehensive data base of manager returns, including a time series of managers' career returns, concatenating performance from the different funds that a manager may have managed over time. We relate these returns to the characteristics of the managers as we seek to understand whether these characteristics have an impact on: manager skill; manager style; and on performance persistence.

Keywords: Mutual fund performance; Manager characteristics; Manager skill; Performance persistence (search for similar items in EconPapers)
JEL-codes: G11 G23 G41 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1057521922000266
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:finana:v:80:y:2022:i:c:s1057521922000266

DOI: 10.1016/j.irfa.2022.102049

Access Statistics for this article

International Review of Financial Analysis is currently edited by B.M. Lucey

More articles in International Review of Financial Analysis from Elsevier
Bibliographic data for series maintained by Catherine Liu ().