Posts Tagged with “mutual fund”

Portfolio managers’ success fades over time

August 14th, 2012

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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Portfolio success: A matter of luck?

July 3rd, 2012

Money Management Executive reports on the research paper published by Professors Jack Trifts and Gary Porter indicating that luck seems to have a lot to do with a fund manager's success.

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How (not) to choose a mutual fund manager

June 14th, 2012

Advisor's Edge reports on research conducted by Professor of Finance Jack Trifts indicating that even the best solo mutual fund managers become worse at their craft over time.

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Is mutual fund prowess luck or skill?

June 13th, 2012

The Mutual Fund Wire interviews Professor of Finance Jack Trifts about his new study that "calls foul on the idea that more experience equals better skill" when it comes to mutual fund managers.

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Mutual fund managers may owe their success to luck more than skill, and that luck will turn, research shows

June 11th, 2012

In this video, Professor of Finance Jack W. Trifts uses the example of a flip of a coin to illustrate how successful mutual fund management is closer to random luck than it is to skill.

SMITHFIELD, R.I.  - Mutual fund companies regularly imply, implicitly or explicitly, that manager tenure and experience matter but such claims aren't borne out by research conducted by Bryant University Professor of Finance Jack W. Trifts, Ph.D.

In fact, he and Gary E. Porter, Ph.D., associate professor of finance at John Carroll University's Boler School of Business, found that even the best solo mutual fund managers seem to get worse at their craft the longer they practice it.

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