ihrer Fonds eingesetzt. Diese Studie untersucht das Phänomen „Team Management“ bei Investmentfonds in drei Dimensionen: Es … werden 1. die Determinanten der Managementstruktur von Investmentfonds, 2. der Einfluss, den die Managementstruktur auf das …In recent years, team management has become increasingly popular in the mutual fund industry. In this paper, we analyze …

market segments of the mutual fund industry. We expect differences in this relationship because investor characteristics …

optimal choice any more. We examine the US equity mutual fund market and find strong evidence for the existence of a SQB in …

Nach §44 Investmentgesetz (InvG) sind Investmentfonds verpflichtet, im Rahmen ihres regelmäßigen Berichtswesens den … holdings to their investors. Portfolio disclosure gives a signal of the quality of managerial information to the fund investors … and thus reduces their fund risk. We show that both optimal fund portfolios and fund performance depend on portfolio …

In diesem Papier untersuchen wir empirisch, welche Determinanten es für die Mittelzufüsse in Investmentfonds gibt. Es … paper is on the influence of the position of a fund within its family. So far only the influence of the position of a fund … within its segment on its subsequent inflows has been considered. Our empirical study of the US mutual fund market shows that …

Die meisten Arbeiten aus dem Bereich Investmentfonds konzentrieren sich auf diePerformance auf Fondsebene, beschäftigen … fund managers. However, little is known about thebehavior of these managers. This survey study sheds light on the decision … processes ofGerman fund managers. The design of the survey allows us to link fund manager data withinformation about mutual …

This paper documents the tendency of mutual fund managers to follow analystrecommendation revisions when they trade … stocks, and the impact of analyst revisioninducedmutual fund “herds” on stock prices. We find that mutual fund herds … mutual fund trading. Consensus upgradesresult in herds of funds buying a stock, while consensus downgrades result in even …

Portfoliozusammensetzungen von US Investmentfonds für denZeitraum 1980 bis 2003 zeigen wir empirisch, dass das Risikoverhalten der … empirical investigation of the risktaking behavior of equity fund managers shows that managerial risk takingcrucially depends on …

Dieses Papier kommt zum Ergebnis, dass sich Informationen über die Veränderungder Portfoliobestände von Investmentfonds …This paper uses disclosed mutual fund portfolio holdings to develop stock selection models.Our models aggregate the …,and indicate that some mutual fund managers possess private skills that are unrelated toknown anomalies. …

hohen Anteils gehaltener Aktien am Gesamtmarkt ist es eher unwahrscheinlich, dass diese Investmentfonds eine bessere …