Mutual Fund Performance and Performance Persistence
The Impact of Fund Flows and Manager Changes
Authors: Lückoff, Peter
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- About this book
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Superior investment performance is the ultimate objective of mutual fund investors. However, past fund performance is no reliable indicator of future performance. Peter Lückoff investigates why fund flows and manager changes act as equilibrium mechanisms and drive the performance of both previously outperforming and previously underperforming funds back to average levels. These results have important implications for investors, investment management companies and even regulators.
- About the authors
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Dr. Peter Lückoff was a research associate at the Center for Finance and Banking at the University of Giessen (Professor Wolfgang Bessler), a junior research fellow at the Pensions Institute of Cass Business School, London, and a visiting research fellow at Exeter University Business School.
- Reviews
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"Eine interessante Lektüre mit neuen Erkenntnissen sowohl für Akademiker als auch Investoren." Absolut report, 4-2012
- Table of contents (9 chapters)
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Introduction
Pages 1-10
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Institutional Setting
Pages 11-75
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Agency Conflicts
Pages 77-133
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Performance Measurement
Pages 135-242
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Dynamic Aspects of Mutual Fund Performance
Pages 243-326
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Table of contents (9 chapters)
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Bibliographic Information
- Bibliographic Information
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- Book Title
- Mutual Fund Performance and Performance Persistence
- Book Subtitle
- The Impact of Fund Flows and Manager Changes
- Authors
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- Peter Lückoff
- Series Title
- Geld - Banken - Börsen
- Copyright
- 2011
- Publisher
- Gabler Verlag
- Copyright Holder
- Gabler Verlag | Springer Fachmedien Wiesbaden GmbH, Wiesbaden
- eBook ISBN
- 978-3-8349-6527-1
- DOI
- 10.1007/978-3-8349-6527-1
- Softcover ISBN
- 978-3-8349-2780-4
- Edition Number
- 1
- Number of Pages
- XXIV, 588
- Number of Illustrations
- 37 b/w illustrations
- Topics
