Manager Selection: How Do You Choose a Good Fund Manager?

Andrew Clare and Chris Wagstaff

Chapter Chapter 18 in The Trustee Guide to Investment, 2011, pp 485-507 from Palgrave Macmillan

Abstract: Abstract Understand why manager selection is important. Appreciate the limitations of short-term performance data as a means of assessing a manager’s skill. Understand the difficulty of separating luck from skill and the role of mean reversion in interpreting fund performance. Understand the importance when evaluating a fund manager of the manager’s Investment Philosophy and Process. Be in a better position to question your current and prospective fund managers.

Keywords: Fund Manager; Ambiguity Aversion; Manager Selection; Behavioural Bias; Investment Style (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-36187-4_18

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DOI: 10.1057/9780230361874_18

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