Empirical research has shown that inexperienced fund managers yield significantly higher returns than their more … market efficiency. Therefore, it is an important question whether inexperienced fund managers tend to taker higher risks …

for rational herding. Based on a questionnaire survey we find clear evidence of herding among fund managers in Germany …. While all different subgroups of fund managers perceive institutional herding, senior fund managers perceive herding even …

This study provides evidence from a questionnaire survey of fund managers. We find that the majority of respondents …

A survey of fund managers reveals home bias for these sophisticated investors in an unrestricted setting. Proximity …

This paper evaluates the Morningstar mutual fund ranking system. We find that indeed higher Morningstar ratings are …

of decision making? We analyze survey responses of 649 fund managers in the U.S., Germany, Italy and Thailand, and find … that female fund managers tend to behave as expected from gender studies: they are more risk averse and shy away from … insignificant in fund management. …

incentives to learn efficient behavior, i.e. fund managers. We split this group into endorsers and non-endorsers of behavioral …

This paper investigates dynamically optimal risk-taking by an expected-utility maximizing manager of a hedge fund. We … incentive for exceeding a specified highwater mark, and managerial ownership of fund shares. In our basic model, there is an … exogenous liquidation barrier where the fund is shut down due to poor performance. We also consider extensions where the manager …