ECONOMICAL AND BEHAVIORAL DRIVERS OF PORTFOLIO MANAGER’S ACTIVITY

Georgi Hristov ()
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Georgi Hristov: Faculty of Economics and Business Administration, Sofia University St Kliment Ohridski

Yearbook of the Faculty of Economics and Business Administration, Sofia University, 2021, vol. 20, issue 1, 201-223

Abstract: The purpose of the study is to examine the factors of the portfolio manager's actions in the specific environment, framed by the market dynamics and the pressure coming from three directions – customer expectations, senior management assessment and regulatory restriction requirements. Psychologically, the outcome of each particular portfolio proves to be rather ancillary, because the formation of the estimate for the final result is relative, according to preliminary subjective expectations. The probabilities and statistics of the results of real individual speculators and professional portfolio investments are compared, looking for an answer as to why the behavior of a professional portfolio manager can be rational and logical without being optimal for the benefit of the client.

Keywords: investments; portfolio management; portfolio; regulations; risk; suitability. (search for similar items in EconPapers)
Date: 2021
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