A review of behavioural and management effects in mutual fund performance

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Cuthbertson, Keith; Nitzsche, Dirk; O'Sullivan, Niall;
  • Publisher: Elsevier B.V.
  • Embargo end date: 2016-04-21
  • Related identifiers: doi: 10.1016/j.irfa.2016.01.016
  • Subject: Mutual fund performance | Fund characteristics | Manager characteristics | Manager behavior biases | HG

This paper surveys and critically evaluates the literature on the role of management effects and fund characteristics in mutual fund performance. First, a brief overview of performance measures is provided. Second, empirical findings on the predictive power of fund char... View more
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