Performance Characteristics of Individually-Managed versus Team-Managed Mutual Funds
@inproceedings{Bliss2008PerformanceCO, title={Performance Characteristics of Individually-Managed versus Team-Managed Mutual Funds}, author={R. Bliss and Mark R. Potter and C. Schwarz}, year={2008} }
The fields of psychology and sociology offer a large body of theory and evidence on how individual behavior differs from group behavior, particularly for performance and risk-taking activities. Relatively little attention, however, has been devoted to this topic in regard to managed portfolios, even though over 50% of mutual funds are managed by a team. In this article, the authors provide an empirical examination of whether funds managed by individuals perform differently from funds managed by… CONTINUE READING
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