Portfolio managers’ success fades over time
August 14th, 2012 | BoardIQ
The Aug. 14 issue of BoardIQ published an article about research conducted by Bryant Professor of Finance Jack Trifts and his colleague, Gary Porter, associate finance professor at John Carrol University, in which the team found that even the best solo mutual fund managers seem to get worse at their craft the longer they practice it.
"While the evidence supports the notion that there may be a very small group of managers who can outperform the market over a period of 10 to 15 years, we see no compelling evidence of improvement with experience," the professors wrote. "The evidence is more indicative of a random process."
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