@article {Riley24, author = {Chris Riley}, title = {Selecting Investment Managers}, volume = {18}, number = {1}, pages = {24--26}, year = {2009}, doi = {10.3905/JOI.2009.18.1.024}, publisher = {Institutional Investor Journals Umbrella}, abstract = {This article explores the relationship between manager quality and future performance and concludes there is only a weak relationship between the two. High quality managers tend to attract capital which acts as a drag on their returns and hence restricts their ability to outperform. Therefore, the most important factor to be considered when assessing managers is unrecognized quality rather than quality alone; there is greatest scope for fund analysts to add value by undertaking research within the universe of smaller managers.TOPICS:Manager selection, performance measurement, exchanges/markets/clearinghouses}, issn = {1068-0896}, URL = {https://joi.pm-research.com/content/18/1/24}, eprint = {https://joi.pm-research.com/content/18/1/24.full.pdf}, journal = {The Journal of Investing} }