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Are some fund managers better than others? Manager characteristics and fund performance

dc.contributor.authorFriis, L. B.en_ZA
dc.contributor.authorSmit, E. v d M.en_ZA
dc.date.accessioned2013-01-23T14:08:53Z
dc.date.available2013-01-23T14:08:53Z
dc.date.issued2004
dc.identifier.citationFriis, L. B. & Smit, E. v d M. 2004. Are some fund managers better than others? Manager characteristics and fund performance. South African Journal of Business Management, 35(3):a660, doi:10.4102/sajbm.v35i3.660.
dc.identifier.issn2078-5976 (online)
dc.identifier.issn2078-5585 (print)
dc.identifier.otherdoi:10.4102/sajbm.v35i3.660
dc.identifier.urihttp://hdl.handle.net/10019.1/78248
dc.descriptionCITATION: Friis, L. B. & Smit, E. v d M. 2004. Are some fund managers better than others? Manager characteristics and fund performance. South African Journal of Business Management, 35(3):a660, doi:10.4102/sajbm.v35i3.660.
dc.descriptionThe original publication is available at https://sajbm.org
dc.description.abstractThe research objective has been to find out whether fund manager characteristics help explain fund performance and propensity to risk taking. Eight independent variables; manager age, tenure of the manager with the fund, years of education, whether the manager holds a MBA or CA/CFA qualification, management team size, fund age and fund objective are regressed on measures of fund performance and riskiness. The findings of the study are highly significant and show that fund performance and riskiness are impacted upon by managers’ qualifications. One can expect better risk-adjusted performance from a fund manager who holds a CA/CFA qualification. Results show that these managers outperform managers without these qualifications, while taking on less risk than managers with MBA qualifications.
dc.description.urihttps://sajbm.org/index.php/sajbm/article/view/660
dc.format.extent10 pages
dc.language.isoen
dc.publisherAOSIS
dc.subjectInvestment advisorsen_ZA
dc.titleAre some fund managers better than others? Manager characteristics and fund performanceen_ZA
dc.typeArticle
dc.description.versionPublisher's version
dc.rights.holderAuthors retain copyright


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