the current debt crisis, leading us to deduce that factors leading to performance persistence are not affected by market … returns in the previous 6-monthly period, while disinvesting from poor performers and funds switching sides in performance … persistence measurement in consecutive periods. The eurozone crisis makes more apparent the need to make use of such anomalies …

expected managerial ability, which can explain the evidence on performance persistence. The model also implies that performance … persistence increases with fund visibility, as fund visibility increases the proportion of unsophisticated investors in the fund …

testing for performance persistence using returns, the Sharpe ratio and the Sortino ratio as performance metrics, the overall …