De la Torre Torres, Oscar V.; Galeana Figueroa, Evaristo; … - In: European Research on Management and Business Economics … 24 (2018) 2, pp. 97-103
In the present paper we study the lack of alpha generation in the main defined contribution pension funds (SIEFORES) in Mexico and we compare the performance of each fund against the one of their life-cycle profile peers (SIEFORE type). As we expected, we found underperformance due to management...