 Alternative investment funds – the evaluation of managers’ abilities in the light of the amendments to the Act on Investment FundMonika Mościbrodzka ()
Bank i Kredyt, 2021, vol. 52, issue 6, 517-544 Abstract: The aim of the study is to verify the hypothesis that the application of new regulations concerning, among others, amendments to the Act on Investment Funds has increased the effectiveness of Polish portfolio managers of specialised open-ended investment funds. The directive in which the institution of alternative investment funds was introduced did not directly affect the profile or results of the fund, but due to appropriate regulations it expanded the group of investors, hence the suspicion that it may have influenced the managers by improving their management. For the research, measures were used which evaluate the managers in terms of the results of fund, management style and their abilities to select assets and predict the market. According to the analysis, the managers reacted to the implementation of the new directive. However, a positive trend in SOIFs’ Management could only be noticed in a short period of time. Keywords: efficiency; alternative investment funds; synthetic measure (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:nbp:nbpbik:v:52:y:2021:i:6:p:517-544 Access Statistics for this article More articles in Bank i Kredyt from Narodowy Bank Polski Contact information at EDIRC. |
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