Does the Asset Managers' Nationality Influence the Occupational Pension Fund Performance?
Business and Economic Research ISSN 2162-4860 2016, Vol. 6, No. 2
21 Pages Posted: 28 Sep 2016
Date Written: June 22, 2016
Abstract
This paper examines the relationship between asset managers’ nationality and the Italian occupational pension funds extending the existing literature on the topic. We use a double analysis methodology, targeted at single- and multiple-managers, distinguishing between Italian and/or foreign professional managers. The results obtained show how asset manager’s nationality impacts differently on managed pension funds’ performance according to the different investment line risk level, opening debate on asset managers’ management skills.
Keywords: pension funds; single-manager; multiple-manager; nationality bias; pension funds performance
JEL Classification: G02, G00, G11
Suggested Citation: Suggested Citation