This study examines the performance of 93 fund managers over the 10 year period 1986
through 1995 using relative percentile ranks based on quarterly compounded, annual total …

This study provides evidence that merit—specifically, performance relative to peers measured
on a style-adjusted basis—plays a significant role in the length of a mutual fund manager’…

Mutual fund performance studies that examine returns over several years typically show that
fund managers significantly underperform on a risk-adjusted basis. Using a four-factor risk-…

We illustrate the value to shareholders when closed‐end funds repurchase shares at a
discount from net asset value. Repurchases increase share price even when there is no …

We analyze the performance of 1,042 mutual funds from 1986 to 1995 to measure the relationship
between manager tenure and performance. Funds whose managers' have at least ten …

For nearly thirteen years, the Investment Dartboard column featured the stock recommendations
of prominent equity analysts in a contest with the stocks selected by Journal staffers …

We examine the performance of nearly 2000 actively managed equity funds using attribution
analysis, a process commonly used by mutual funds to isolate management contributions …

This study uses a survivorship-bias free dataset spanning more than 80 years to identify the
best mutual fund managers having tenure of ten years or more. We also examine the …

Retail certificates of deposit contain an early withdrawal option allowing investors (depositors)
to sell them back to banks in exchange for their face value less a prespecified withdrawal …

Compares initial public offering pricing across regulated industry groups. Differences between
the regulator, capital standards and competition hypotheses in relation to IPO prices; Less …