Abstract

http://ssrn.com/abstract=121131
 
 

Citations



 


 



The Performance Persistence of Experienced Mutual Fund Managers


Gary E. Porter


John Carroll University - Boler School of Business

Jack W. Trifts


Rollins College, Crummer Graduate School of Busine


Financial Services Review, Vol. 7, No. 1

Abstract:     
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 returns measured against funds with the same investment objective. On average, managers with 10-year track records at the same fund do not perform better than managers with shorter track records. Also, for these experienced managers, superior performance in one five-year period is not predictive of superior performance over the next five years. However, inferior performance persists particularly for funds with above average expense ratios.

JEL Classification: G12, G14

Accepted Paper Series





Not Available For Download

Date posted: September 3, 1998  

Suggested Citation

Porter, Gary E. and Trifts, Jack W., The Performance Persistence of Experienced Mutual Fund Managers. Financial Services Review, Vol. 7, No. 1. Available at SSRN: http://ssrn.com/abstract=121131

Contact Information

Gary E. Porter (Contact Author)
John Carroll University - Boler School of Business ( email )
20700 North Park Blvd.
University Heights, OH 44118-4581
United States
216-320-0955 (Phone)
216-397-1728 (Fax)
Jack Trifts
Rollins College, Crummer Graduate School of Busine ( email )
Winter Park, FL 32789
United States
407-646-2404 (Phone)
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