Management Tenure and Risk-Adjusted Performance of Mutual Funds

Autor:	Daniel L. Tompkins, Greg Filbeck
Rok vydání:	2004
Předmět:	Finance Fund of funds business.industry Manager of managers fund Strategy and Management Closed-end fund Target date fund Fund administration Management of Technology and Innovation Open-end fund Income fund Business health care economics and organizations Mutual fund
Zdroj:	The Journal of Investing. 13:72-80
ISSN:	2168-8613 1068-0896
DOI:	10.3905/joi.2004.412310
Popis:	Longer-tenure fund managers are often thought to provide better returns than shorter-tenure fund managers. An examination using a risk-adjusted performance measure indicates that the longest-tenured managers do show better risk-adjusted performance than shorter-tenured fund managers. These longer-tenured managers also charge lower fees than the others. Lower expense ratios and more time at the helm result in higher mutual fund returns on both a total return and a risk-adjusted return basis. This research extends our knowledge of mutual fund performance covering the entire bull market of the 1990s.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::180fbec1c7f66b9cd8d755d35694674e https://doi.org/10.3905/joi.2004.412310 Zobrazit plný text záznamu