Change search
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf
The relation between manager description and fund performance Evidence from emerging market hedge funds
Stockholm University, Faculty of Social Sciences, Stockholm Business School.
2014 (English)In: Journal of Derivatives & Hedge Funds, ISSN 1753-9641, Vol. 20, no 1, 52-70 p.Article in journal (Refereed) Published
Abstract [en]

In this study, it is examined whether the manager description of a fund is related to its performance. It is hypothesized that the length of the manager description can be an indicator of both manager quality and overconfidence. Overall, the results of the study suggest that the manager description is related to fund performance when the performance is measured using the Sharpe ratio. In addition, the results reveal that past performance in particular explains the length of the manager description. This finding implies that fund managers attribute their performance to themselves making the manager description a potential indicator of overconfidence. However, when the alpha, which is a performance measure for a well-diversified fund investor, is used instead of the Sharpe ratio, the results suggest that it is rather the length of the strategy description that is an indicator of good fund performance.

Place, publisher, year, edition, pages
Basingstoke: Palgrave Macmillan, 2014. Vol. 20, no 1, 52-70 p.
National Category
Business Administration
Identifiers
URN: urn:nbn:se:su:diva-112211DOI: 10.1057/jdhf.2014.10OAI: oai:DiVA.org:su-112211DiVA: diva2:778439
Available from: 2015-01-10 Created: 2015-01-10 Last updated: 2015-02-02Bibliographically approved

Open Access in DiVA

No full text

Other links

Publisher's full text

Search in DiVA

By author/editor
Peltomäki, Jarkko
By organisation
Stockholm Business School
Business Administration

Search outside of DiVA

GoogleGoogle Scholar

doi
urn-nbn

Altmetric score

doi
urn-nbn
Total: 58 hits
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf