Network centrality and delegated investment performance

Article English OPEN
Rossi, A. G.; Blake, D.; Timmermann, A.; Tonks, I.; Wermers, R.;
(2018)
  • Journal: volume 128, pages 183-206issn: 0304-405X
  • Publisher copyright policies & self-archiving
  • Related identifiers: doi: 10.1016/j.jfineco.2018.02.003
  • Subject: Asset management | Manager skills | Strategy and Management | Accounting | Networks | INVESTORS | MUTUAL FUND PERFORMANCE | HD28 | STOCK-MARKET | /dk/atira/pure/subjectarea/asjc/2000/2002 | Flows | MANAGEMENT | /dk/atira/pure/subjectarea/asjc/1400/1402 | Investment performance | /dk/atira/pure/subjectarea/asjc/2000/2003 | Economics and Econometrics | Finance | HG | /dk/atira/pure/subjectarea/asjc/1400/1408

<p>We show a positive relation between network centrality and risk-adjusted performance in a delegated investment management setting. More connected managers take more portfolio risk and receive higher investor flows, consistent with these managers improving their abili... View more
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