Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5089685 | Journal of Banking & Finance | 2013 | 20 Pages |
Abstract
⺠Fund managers deviate from unobservable representative beliefs of peers. ⺠Portfolio allocations implied by representative beliefs reflect informed beliefs. ⺠Fund managers with portfolios close to representative beliefs possess more skill. ⺠Fund managers close to representative beliefs in the past outperform in the future.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Swasti Gupta-Mukherjee,