This paper finds that fund managers do not expect mean reverting returns, as suggested by theory and empirical evidence …

In this study, we investigate the mutual fund managers' ability to time market coskewness. Analyzing nine investment … styles of US equity fund, we find strong evidence to support that between 1973 and 2018, mutual fund managers investing in … Small-Blend and Small-Growth schemes demonstrate the ability to time the market coskewness. On average fund managers of the …

Are the behavioral biases of fund managers affected by capital flows? This paper examines the relationship between fund … flows and the disposition behavior of fund managers. The disposition biases of fund managers are significantly negatively … higher capital gains tax overhang tend to have managers with lower disposition biases. Further evidence shows that fund …