TITLE

Funds Perform Better When Managers Cook Their Food with Yours…

PUB. DATE
November 2006
SOURCE
Journal of Financial Planning;Nov2006, Vol. 19 Issue 11, p10
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The article discusses a study by the Georgia Institute of Technology, London School of Business, and University of South Florida, that reports that mutual funds whose managers own shares in their fund outperform funds that don't have managerial ownership. The study of 1,300 stock and bond funds found that manager-owned funds had a mean return of 8.7 percent versus 6.2 percent for funds with no managerial ownership. The higher performance was attributed to superior information and personal incentives to perform better.
ACCESSION #
23138519

 

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