Improved inference in the evaluation of mutual fund performance using panel bootstrap methods

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Blake, David; Caulfield, Tristan; Ioannidis, Christos; Tonks, I P;

Two new methodologies are introduced to improve inference in the evaluation of mutual fund performance against benchmarks. First, the benchmark models are estimated using panel methods with both fund and time effects. Second, the non-normality of individual mutual fund ... View more
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