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| HAL: halshs-00533093, version 1 |
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| Performance Measures of Actively Managed Equity Mutual Funds |
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| R. Burlacu 1P. Fontaine 1 |
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| (2009) |
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| We study the performance of US actively managed equity mutual funds with traditional models and find, as in previous studies, that they obtain negative performance. We argue that this pessimistic result is explained by the excessively high expenses charged by managers. Managers justify these costs as being generated by their information acquisition activity. |
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| 1: | Centre d'études et de recherches appliquées à la gestion (CERAG) |
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CNRS : UMR5820 – Université Pierre-Mendès-France - Grenoble II |
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| Subject | : | Humanities and Social Sciences/Business administration |
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| private information – information risk – actively managed equity mutual funds – selectivity performance – rational expectations equilibrium models |
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| Attached file list to this document: | |||||
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| halshs-00533093, version 1 | |
| http://halshs.archives-ouvertes.fr/halshs-00533093 | |
| oai:halshs.archives-ouvertes.fr:halshs-00533093 | |
| From: Brigitte Bois | |
| Submitted on: Friday, 5 November 2010 10:59:39 | |
| Updated on: Friday, 18 February 2011 13:55:38 | |
