Russ Wermers

University of Maryland - Robert H. Smith School of Business

Professor of Finance

Department of Finance

College Park, MD 20742-1815

United States

http://terpconnect.umd.edu/~wermers/

European Corporate Governance Institute (ECGI)

c/o the Royal Academies of Belgium

Rue Ducale 1 Hertogsstraat

1000 Brussels

Belgium

  • University of Maryland - Robert H. Smith School of Business

    • Email
    • Tel: 301-405-0572
    • Fax: 301-405-0359

  • European Corporate Governance Institute (ECGI)

SCHOLARLY PAPERS

55

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56,726

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1,070

CROSSREF CITATIONS

356

Scholarly Papers (55)

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1.

Is Money Really 'Smart'? New Evidence on the Relation between Mutual Fund Flows, Manager Behavior, and Performance Persistence

Number of pages: 56 Posted: 23 Jul 2003
Russ Wermers
University of Maryland - Robert H. Smith School of Business
Downloads 8,073 (1,400)
Citation 61

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mutual funds, market efficiency, performance evaluation

2.

False Discoveries in Mutual Fund Performance: Measuring Luck in Estimated Alphas

Published in Journal of Finance, February 2010, Swiss Finance Institute Research Paper No. 08-18, Robert H. Smith School Research Paper No. RHS 06-043
Number of pages: 85 Posted: 05 Mar 2008 Last Revised: 01 Jul 2022
Laurent Barras, O. Scaillet and Russ Wermers
Universite du Luxembourg - Department of Finance, Swiss Finance Institute - University of Geneva and University of Maryland - Robert H. Smith School of Business
Downloads 6,485 (2,024)
Citation 44

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Mutual Fund Performance, Multiple-Hypothesis Test, Luck, False Discovery Rate

3.

Investing in Mutual Funds When Returns are Predictable

Downloads 4,321 ( 4,052)

Investing in Mutual Funds When Returns are Predictable

Number of pages: 58 Posted: 08 Jun 2004
Doron Avramov and Russ Wermers
Reichman University - Interdisciplinary Center (IDC) Herzliyah and University of Maryland - Robert H. Smith School of Business
Downloads 4,321 (3,986)
Citation 76

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Equity mutual fund, asset allocation, manager skills, business cycle

Investing in Mutual Funds When Returns are Predictable

Journal of Financial Economics (JFE), Forthcoming
Posted: 01 Jun 2005
Doron Avramov and Russ Wermers
Reichman University - Interdisciplinary Center (IDC) Herzliyah and University of Maryland - Robert H. Smith School of Business

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4.

Forecasting Stock Returns through An Efficient Aggregation of Mutual Fund Holdings

Review of Financial Studies, Forthcoming, AFA 2007 Chicago Meetings Paper
Number of pages: 50 Posted: 19 Mar 2006 Last Revised: 17 Jul 2012
Russ Wermers, Tong Yao and Jane Zhao
University of Maryland - Robert H. Smith School of Business, University of Iowa - Henry B. Tippie College of Business and PanAgora Asset Management
Downloads 3,164 (6,846)
Citation 18

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mutual funds, performance persistence, portfolio disclosure, stock selection

5.

Monitoring Daily Hedge Fund Performance When Only Monthly Data is Available

Downloads 2,193 (12,196)
Citation 4

Monitoring Daily Hedge Fund Performance When Only Monthly Data is Available

Number of pages: 28 Posted: 20 Mar 2009 Last Revised: 09 Jan 2013
Daniel Li, Michael Markov and Russ Wermers
Markov Processes International LLC, Markov Processes International, Inc. and University of Maryland - Robert H. Smith School of Business
Downloads 2,077 (13,037)
Citation 3

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hedge funds, hedging, replication, portfolio management, risk management, VaR

Monitoring Daily Hedge Fund Performance When Only Monthly Data is Available

Journal of Investment Consulting, Vol. 14, No. 1, 57-68, 2013
Number of pages: 14 Posted: 23 Dec 2013
Daniel Li, Michael Markov and Russ Wermers
Markov Processes International LLC, Markov Processes International, Inc. and University of Maryland - Robert H. Smith School of Business
Downloads 116 (407,189)

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G10, G11

6.

The Value of Active Mutual Fund Management: An Examination of the Stockholdings and Trades of Fund Managers

Journal of Financial and Quantitative Analysis
Number of pages: 45 Posted: 07 Jul 2000
Narasimhan Jegadeesh, Hsiu-Lang Chen and Russ Wermers
Emory University - Department of Finance, University of Illinois at Chicago - Department of Finance and University of Maryland - Robert H. Smith School of Business
Downloads 2,084 (13,221)
Citation 29

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7.

Runs on Money Market Mutual Funds

Downloads 1,850 (15,935)
Citation 80

Runs on Money Market Mutual Funds

Number of pages: 60 Posted: 14 Mar 2011 Last Revised: 12 Sep 2015
Lawrence Schmidt, Allan Timmermann and Russ Wermers
MIT Sloan School of Management, UCSD and University of Maryland - Robert H. Smith School of Business
Downloads 1,400 (23,976)
Citation 43

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Money market mutual funds; bank runs; strategic complementarities

Runs on Money Market Mutual Funds

Number of pages: 44 Posted: 19 Mar 2012
Russ Wermers
University of Maryland - Robert H. Smith School of Business
Downloads 450 (110,353)
Citation 8

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Money market funds, banking

8.

Mutual Fund Herding and the Impact on Stock Prices

Downloads 1,731 (17,735)

Mutual Fund Herding and the Impact on Stock Prices

Number of pages: 49 Posted: 21 Oct 1998
Russ Wermers
University of Maryland - Robert H. Smith School of Business
Downloads 1,731 (17,426)
Citation 11

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Mutual Fund Herding and the Impact on Stock Prices

Posted: 24 Oct 1998
Russ Wermers
University of Maryland - Robert H. Smith School of Business

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9.

Active Investing and the Efficiency of Security Markets

The Journal of Investment Management, 2020, Forthcoming
Number of pages: 25 Posted: 09 Apr 2019 Last Revised: 16 Dec 2019
Russ Wermers
University of Maryland - Robert H. Smith School of Business
Downloads 1,514 (21,745)
Citation 6

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active management, index funds, passive management, market efficiency

10.

Mutual Fund Performance and Governance Structure: The Role of Portfolio Managers and Boards of Directors

Number of pages: 59 Posted: 30 Jan 2013 Last Revised: 13 Feb 2014
Bill Ding and Russ Wermers
Zhejiang University and University of Maryland - Robert H. Smith School of Business
Downloads 1,510 (21,860)
Citation 27

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governance of asset management institutions, mutual fund boards, portfolio manager disciplinary mechanisms

11.

Mutual Fund Performance Evaluation with Active Peer Benchmarks

Downloads 1,481 (22,454)
Citation 31

Mutual Fund Performance Evaluation with Active Peer Benchmarks

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 54 Posted: 19 Feb 2009 Last Revised: 13 Aug 2013
David L. Hunter, Eugene Kandel, Shmuel Kandel (deceased) and Russ Wermers
University of Queensland, Hebrew University of Jerusalem - Department of Economics, affiliation not provided to SSRN (deceased) and University of Maryland - Robert H. Smith School of Business
Downloads 1,225 (29,223)
Citation 15

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Endogenous Benchmarks

AFA 2010 Atlanta Meetings Paper
Number of pages: 45 Posted: 21 Mar 2009
David L. Hunter, Eugene Kandel, Russ Wermers and Shmuel Kandel (deceased)
University of Queensland, Hebrew University of Jerusalem - Department of Economics, University of Maryland - Robert H. Smith School of Business and affiliation not provided to SSRN (deceased)
Downloads 256 (204,511)
Citation 1

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12.

Can Mutual Fund 'Stars' Really Pick Stocks? New Evidence from a Bootstrap Analysis

Downloads 1,425 (23,779)

Can Mutual Fund 'Stars' Really Pick Stocks? New Evidence from a Bootstrap Analysis

Number of pages: 56 Posted: 28 Nov 2005 Last Revised: 17 Oct 2013
Robert Kosowski, Allan Timmermann, Russ Wermers and Halbert L. White Jr.
Imperial College Business School, UCSD, University of Maryland - Robert H. Smith School of Business and University of California, San Diego (UCSD) - Department of Economics
Downloads 1,425 (23,361)
Citation 93

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mutual funds, performance evaluation, bootstrap

Can Mutual Fund 'Stars' Really Pick Stocks? New Evidence from a Bootstrap Analysis

Journal of Finance, Vol. 61, No. 6, December 2006
Posted: 19 Dec 2011
Robert Kosowski, Allan Timmermann, Russ Wermers and Halbert L. White Jr.
Imperial College Business School, UCSD, University of Maryland - Robert H. Smith School of Business and University of California, San Diego (UCSD) - Department of Economics

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mutual funds, performance evaluation, bootstrap

13.

Seasonal Asset Allocation: Evidence from Mutual Fund Flows

Journal of Financial and Quantitative Analysis (JFQA), Forthcoming
Number of pages: 127 Posted: 17 Nov 2011 Last Revised: 04 Sep 2015
Mark J. Kamstra, Lisa A. Kramer, Maurice D. Levi and Russ Wermers
York University - Schulich School of Business, University of Toronto - Rotman School of Management, University of British Columbia (UBC) - Sauder School of Business and University of Maryland - Robert H. Smith School of Business
Downloads 1,396 (24,522)
Citation 34

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household finance, mutual fund flow seasonality, net exchanges, net flows, sentiment, time-varying risk aversion, risk tolerance

14.

A Bias-Free Assessment of the Hedge Fund Industry: A New Evaluation of Total Assets, Alphas, and the Flow-Performance Relation

OFR WP 20-01
Number of pages: 70 Posted: 27 Feb 2020 Last Revised: 11 Oct 2023
Daniel Barth, Juha Joenväärä, Mikko Kauppila and Russ Wermers
Board of Governors of the Federal Reserve System, Aalto University School of Business, University of Oulu and University of Maryland - Robert H. Smith School of Business
Downloads 1,345 (25,901)
Citation 1

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hedge funds, net assets, gross assets, strategy, domicile, returns, flows

15.

Matter of Style: The Causes and Consequences of Style Drift in Institutional Portfolios

Number of pages: 35 Posted: 19 Mar 2012
Russ Wermers
University of Maryland - Robert H. Smith School of Business
Downloads 1,274 (28,085)
Citation 28

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Mutual fund performance, style drift

16.

Do Fund Managers Misestimate Climatic Disaster Risk?

Review of Financial Studies, Forthcoming, Indian School of Business
Number of pages: 64 Posted: 02 Aug 2019 Last Revised: 21 Apr 2020
Shashwat Alok, Nitin Kumar and Russ Wermers
Indian School of Business (ISB), Hyderabad, Indian School of Business (ISB), Hyderabad and University of Maryland - Robert H. Smith School of Business
Downloads 1,259 (28,586)
Citation 97

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Climate finance, climate risks, mutual funds

17.

Herd Behavior in Voluntary Disclosure Decisions: An Examination of Capital Expenditure Forecasts*

AAA 2006 Financial Accounting and Reporting Section (FARS) Meeting Paper
Number of pages: 55 Posted: 17 Jan 2005
Nerissa C. Brown, Lawrence A. Gordon and Russ Wermers
University of Illinois at Urbana-Champaign, University of Maryland - Department of Accounting & Information Assurance and University of Maryland - Robert H. Smith School of Business
Downloads 1,230 (29,527)
Citation 9

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herding, disclosure

18.

Analyst Recommendations, Mutual Fund Herding, and Overreaction in Stock Prices

Management Science, Forthcoming, AFA 2010 Atlanta Meetings Paper
Number of pages: 37 Posted: 22 Mar 2009 Last Revised: 23 May 2013
Nerissa C. Brown, Kelsey D. Wei and Russ Wermers
University of Illinois at Urbana-Champaign, University of Texas at Dallas and University of Maryland - Robert H. Smith School of Business
Downloads 1,104 (34,460)
Citation 42

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analyst revisions, mutual fund herding, managerial myopia

19.

Do Institutional Investors Monitor their Large-Scale vs. Small-Scale Investments Differently? Evidence from the Say-On-Pay Vote

European Corporate Governance Institute (ECGI) - Finance Working Paper No. 541/2017
Number of pages: 68 Posted: 24 Jan 2018 Last Revised: 02 May 2022
Miriam Schwartz-Ziv and Russ Wermers
Hebrew University of Jerusalem - Department of Finance and Banking and University of Maryland - Robert H. Smith School of Business
Downloads 1,090 (35,123)
Citation 6

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shareholder’s votes, say-on-pay, financial institutions, small shareholders

20.

Do ETFs Increase Liquidity?

Number of pages: 54 Posted: 17 Mar 2018 Last Revised: 25 Sep 2020
Mehmet Saglam, Tugkan Tuzun and Russ Wermers
University of Cincinnati - Department of Finance - Real Estate, Board of Governors of the Federal Reserve System and University of Maryland - Robert H. Smith School of Business
Downloads 1,010 (39,162)
Citation 1

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ETFs, Liquidity

21.

Portfolio Performance, Discount Dynamics, and the Turnover of Closed-End Fund Managers

EFA 2006 Zurich Meetings Paper, AFA 2008 New Orleans Meetings Paper
Number of pages: 45 Posted: 23 Mar 2005 Last Revised: 27 Nov 2008
Russ Wermers, Youchang Wu and Josef Zechner
University of Maryland - Robert H. Smith School of Business, University of Oregon - Lundquist College of Business and Vienna University of Economics and Business
Downloads 884 (47,219)
Citation 12

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Closed-end fund, manager turnover, discount

22.

Institutional Trading around Corporate News: Evidence from Textual Analysis

Robert H. Smith School Research Paper
Number of pages: 65 Posted: 05 Oct 2013 Last Revised: 05 Dec 2019
Alan Guoming Huang, Hongping Tan and Russ Wermers
University of Waterloo, McGill University and University of Maryland - Robert H. Smith School of Business
Downloads 827 (51,709)
Citation 24

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Institutional trading, Public news, Textual analysis

23.

Holding Horizon: A New Measure of Active Investment Management

The Journal of Financial and Quantitative Analysis , American Finance Association Meetings 2015 Paper, American Finance Association Meetings 2015 Paper
Number of pages: 118 Posted: 31 Oct 2014 Last Revised: 30 Nov 2022
Chunhua Lan, Fabio Moneta and Russ Wermers
University of New Brunswick - Fredericton, Telfer School of Management, University of Ottawa and University of Maryland - Robert H. Smith School of Business
Downloads 800 (54,054)
Citation 9

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mutual funds, performance evaluation, investment horizons, selection skills

24.

Uncommon Value: The Characteristics and Investment Performance of Contrarian Funds

Number of pages: 51 Posted: 22 Apr 2012
Kelsey D. Wei, Russ Wermers and Tong Yao
University of Texas at Dallas, University of Maryland - Robert H. Smith School of Business and University of Iowa - Henry B. Tippie College of Business
Downloads 701 (64,452)
Citation 12

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25.

Private Equity Fund Performance: A Time-Series Approach

Number of pages: 45 Posted: 06 May 2019 Last Revised: 22 Jun 2022
Apollon Fragkiskos, Olga Krasotkina, Harold D. Spilker III and Russ Wermers
Brighthouse Financial, Markov Processes International LLC, University Of Hawaii At Manoa, Shidler College of Business and University of Maryland - Robert H. Smith School of Business
Downloads 694 (65,246)

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Private Equity, Buyout Funds, Time-Series, Supervised Machine Learning, Jackknife, Cross-Validation, Factor Modeling, Long Horizons, Overlapping Observations

26.

Performance Evaluation of Active Managers: An Overview of Current Practice

Investments & Wealth Monitor, January/February 2011
Number of pages: 8 Posted: 27 Oct 2010 Last Revised: 22 Nov 2011
Jason C. Hsu, Jason C. Hsu, Vitali Kalesnik and Russ Wermers
Research AffiliatesRayliant Global Advisors, Research Affiliates Global Advisors and University of Maryland - Robert H. Smith School of Business
Downloads 670 (68,259)

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Performance, Evaluation

27.

The Freedom of Information Act and the Race Towards Information Acquisition

Robert H. Smith School Research Paper No. RHS 2517075, Finance Down Under 2015 Building on the Best from the Cellars of Finance Paper
Number of pages: 54 Posted: 01 Nov 2014 Last Revised: 30 Apr 2015
Antonio Gargano, Alberto G. Rossi and Russ Wermers
University of Houston - C.T. Bauer College of Business, Georgetown University and University of Maryland - Robert H. Smith School of Business
Downloads 625 (74,563)
Citation 21

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Institutional Investors, Hedge Funds, Freedom of Information Act

28.

Share Restrictions and Investor Flows in the Hedge Fund Industry

Number of pages: 49 Posted: 20 Nov 2015 Last Revised: 29 Mar 2019
Bing Liang, Christopher Schwarz, Mila Getmansky Sherman and Russ Wermers
University of Massachusetts Amherst - Department of Finance, University of California, Irvine - The Paul Merage School of Business, University of Massachusetts at Amherst - Eugene M. Isenberg School of Management - Department of Finance and University of Maryland - Robert H. Smith School of Business
Downloads 619 (75,447)
Citation 12

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hedge fund flows, investor flow restrictions, hedge fund flow-performance relation

29.

Style Migration and the Cross-Section of Stock Returns

AFA 2011 Denver Meetings Paper, UIC College of Business Administration Research Paper No. 10-05
Number of pages: 56 Posted: 19 May 2010 Last Revised: 02 Jan 2011
Hsiu-Lang Chen and Russ Wermers
University of Illinois at Chicago - Department of Finance and University of Maryland - Robert H. Smith School of Business
Downloads 514 (95,098)

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30.

Reassessing False Discoveries in Mutual Fund Performance: Skill, Luck, or Lack of Power? A Reply

Journal of Finance, Forthcoming, Swiss Finance Institute Research Paper No. 19-61
Number of pages: 37 Posted: 21 Aug 2019 Last Revised: 25 Mar 2020
Laurent Barras, O. Scaillet and Russ Wermers
Universite du Luxembourg - Department of Finance, Swiss Finance Institute - University of Geneva and University of Maryland - Robert H. Smith School of Business
Downloads 485 (102,076)
Citation 9

Abstract:

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False Discovery Rate, Multiple Testing, Mutual Fund Performance

31.

Costly Information Production, Information Intensity, and Mutual Fund Performance

Number of pages: 61 Posted: 03 Mar 2017 Last Revised: 23 Sep 2021
George J. Jiang, Ke Shen, Russ Wermers and Tong Yao
Washington State University, Lehigh University -- Perella Department of Finance, University of Maryland - Robert H. Smith School of Business and University of Iowa - Henry B. Tippie College of Business
Downloads 459 (109,279)
Citation 4

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information intensity; performance persistence

32.

Managerial Rents vs. Shareholder Value in Delegated Portfolio Management: The Case of Closed-End Funds

Downloads 449 (112,106)
Citation 12

Managerial Rents vs. Shareholder Value in Delegated Portfolio Management: The Case of Closed-End Funds

Review of Financial Studies, Forthcoming
Number of pages: 60 Posted: 21 Nov 2012 Last Revised: 04 Jul 2016
Youchang Wu, Russ Wermers and Josef Zechner
University of Oregon - Lundquist College of Business, University of Maryland - Robert H. Smith School of Business and Vienna University of Economics and Business
Downloads 368 (139,381)
Citation 3

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closed-end fund, closed-end fund discount, portfolio manager, managerial rent

Managerial Rents vs. Shareholder Value in Delegated Portfolio Management: The Case of Closed-End Funds

CFS Working Paper, No. 548
Number of pages: 63 Posted: 26 Oct 2016 Last Revised: 11 Jan 2018
Youchang Wu, Russ Wermers and Josef Zechner
University of Oregon - Lundquist College of Business, University of Maryland - Robert H. Smith School of Business and Vienna University of Economics and Business
Downloads 81 (523,926)
Citation 11

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G23, G34

33.

News or Noise: Mobile Internet Technology and Stock Market Activity

Number of pages: 43 Posted: 15 May 2020 Last Revised: 04 Apr 2022
Nerissa C. Brown, W. Brooke Elliott, Russ Wermers and Roger M. White
University of Illinois at Urbana-Champaign, University of Illinois at Urbana-Champaign, University of Maryland - Robert H. Smith School of Business and Arizona State University (ASU) - School of Accountancy
Downloads 448 (112,106)
Citation 3

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mobile technology, investor activity, stock market liquidity, limited attention, distraction

34.

Who Listens to Corporate Conference Calls? The Effect of 'Soft Information' on Institutional Trading

Number of pages: 72 Posted: 19 Nov 2020 Last Revised: 28 Nov 2022
Alan Guoming Huang and Russ Wermers
University of Waterloo and University of Maryland - Robert H. Smith School of Business
Downloads 413 (123,353)

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conference calls; institutional holdings; sentiment analysis

35.

Mutual Fund Return Predictability in Partially Segmented Markets

Downloads 403 (126,827)

Mutual Fund Return Predictability in Partially Segmented Markets

Number of pages: 77 Posted: 23 Mar 2009 Last Revised: 22 Oct 2011
Ayelen Banegas, Ben Gillen, Ben Gillen, Allan Timmermann and Russ Wermers
Board of Governors of the Federal Reserve System, California Institute of Technology - Division of the Humanities and Social SciencesClaremont Colleges, Claremont McKenna College, Robert Day School of Economics and Finance, Students, UCSD and University of Maryland - Robert H. Smith School of Business
Downloads 403 (125,671)
Citation 3

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European equity markets; mutual fund performance; time-varying investment opportunities.

The Cross-Section of Conditional Mutual Fund Performance in European Stock Markets

Journal of Financial Economics (JFE), Forthcoming
Posted: 23 Mar 2011 Last Revised: 05 Sep 2012
Ayelen Banegas, Ben Gillen, Ben Gillen, Allan Timmermann and Russ Wermers
Board of Governors of the Federal Reserve System, California Institute of Technology - Division of the Humanities and Social SciencesClaremont Colleges, Claremont McKenna College, Robert Day School of Economics and Finance, Students, UCSD and University of Maryland - Robert H. Smith School of Business

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European equity markets, mutual fund performance, time-varying investment opportunities

36.

Language and Domain Specificity: A Chinese Financial Sentiment Dictionary

Review of Finance
Number of pages: 76 Posted: 04 Mar 2021 Last Revised: 08 Dec 2021
Zijia Du, Alan Guoming Huang, Russ Wermers and Wenfeng Wu
Shanghai Jiao Tong University (SJTU), Antai College of Economics and Management, Students, University of Waterloo, University of Maryland - Robert H. Smith School of Business and Shanghai Jiao Tong University - Antai College of Economics & Management
Downloads 371 (139,212)

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Financial news; Chinese; Sentiment Dictionary; Media bias; Political words

37.

Investor Information Acquisition and Money Market Fund Risk Rebalancing During the 2011-12 Eurozone Crisis

Downloads 353 (147,006)
Citation 26

Investor Information Acquisition and Money Market Fund Risk Rebalancing During the 2011-12 Eurozone Crisis

Robert H. Smith School Research Paper No. RHS 2886171
Number of pages: 78 Posted: 16 Dec 2016 Last Revised: 15 Dec 2019
Emily Gallagher, Lawrence Schmidt, Allan Timmermann and Russ Wermers
University of Colorado at Boulder - Department of Finance, MIT Sloan School of Management, UCSD and University of Maryland - Robert H. Smith School of Business
Downloads 353 (145,961)
Citation 28

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Money market funds, Eurozone crisis, financial fragility, endogenous information acqui- sition, transparency in short-term funding markets

Transparency, Investor Information Acquisition, and Money Market Fund Risk Rebalancing During the 2011-12 Eurozone Crisis

CEPR Discussion Paper No. DP11895
Number of pages: 68 Posted: 16 Mar 2017
Emily Gallagher, Lawrence Schmidt, Allan Timmermann and Russ Wermers
University of Colorado at Boulder - Department of Finance, MIT Sloan School of Management, UCSD and University of Maryland - Robert H. Smith School of Business
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endogenous information acquisition, eurozone crisis, financial fragility, Money market funds, transparency in short-term funding markets

38.

“Buy the Rumor, Sell the News”: Liquidity Provision by Bond Funds Following Corporate News Events

SMU Cox School of Business Research Paper No. 22-06
Number of pages: 59 Posted: 14 Feb 2022 Last Revised: 10 Nov 2023
Alan Guoming Huang, Russ Wermers and Jinming Xue
University of Waterloo, University of Maryland - Robert H. Smith School of Business and Southern Methodist University (SMU) - Finance Department
Downloads 324 (161,205)

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Fixed income mutual funds, Corporate bonds, Institutional trading, Public news, Textual analysis

39.

Network Centrality and Delegated Investment Performance

Netspar Discussion Paper No. 12/2015-065
Number of pages: 55 Posted: 07 Mar 2016 Last Revised: 02 Oct 2016
Alberto G. Rossi, David P. Blake, Allan Timmermann, Ian Tonks and Russ Wermers
Georgetown University, City, University of London, UCSD, University of Bristol - Department of Finance and Accounting and University of Maryland - Robert H. Smith School of Business
Downloads 279 (188,383)
Citation 17

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Networks, Investment Management, Performance

40.

Cash-Flow Timing vs. Discount-Rate Timing: An Examination of Mutual Fund Market-Timing Skills

Finance Down Under 2016 Building on the Best from the Cellars of Finance , American Finance Association meeting 2017, Chicago, Management Science, forthcoming
Number of pages: 92 Posted: 01 Oct 2015 Last Revised: 22 Apr 2022
Chunhua Lan and Russ Wermers
University of New Brunswick - Fredericton and University of Maryland - Robert H. Smith School of Business
Downloads 258 (203,833)
Citation 1

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Cash-flow timing, discount-rate timing, market timing

41.

Economic Policy Uncertainty and Global Portfolio Allocations

Number of pages: 46 Posted: 25 Aug 2022
Shashwat Alok, Apoorva Javadekar, Nitin Kumar and Russ Wermers
Indian School of Business (ISB), Hyderabad, Indian School of Business, Indian School of Business (ISB), Hyderabad and University of Maryland - Robert H. Smith School of Business
Downloads 212 (246,196)

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Institutional Funds, Economic Policy Uncertainty, Fund Flows

42.

International Characteristic-Based Asset Pricing

Number of pages: 58 Posted: 28 Dec 2018 Last Revised: 14 Feb 2021
Murali Jagannathan, Wei Jiao and Russ Wermers
SUNY at Binghamton - School of Management, Rutgers University and University of Maryland - Robert H. Smith School of Business
Downloads 178 (287,938)
Citation 1

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International asset pricing, Characteristic-based asset-pricing models, International mutual funds

43.

Financial Intermediary Funding Constraints and Segmented Markets: Evidence from SMCCF ETF Purchases

Number of pages: 75 Posted: 29 Mar 2022
Samuel Hempel, Dasol Kim and Russ Wermers
Board of Governors of the Federal Reserve System, Office of Financial Research, US Department of the Treasury and University of Maryland - Robert H. Smith School of Business
Downloads 106 (432,590)

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Financial intermediaries, authorized participants, corporate bond ETFs, corporate bonds, COVID-19, Federal Reserve, regulatory interventions

44.

Decentralized Investment Management: Evidence from the Pension Fund Industry

Downloads 63 (590,392)
Citation 43

Decentralized Investment Management: Evidence from the Pension Fund Industry

Number of pages: 56 Posted: 22 Jun 2020
David P. Blake, Alberto G. Rossi, Allan Timmermann, Ian Tonks and Russ Wermers
City, University of London, Georgetown University, UCSD, University of Bristol - Department of Finance and Accounting and University of Maryland - Robert H. Smith School of Business
Downloads 48 (684,516)
Citation 4

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Decentralized Investment Management: Evidence from the Pension Fund Industry

CEPR Discussion Paper No. DP7679
Number of pages: 57 Posted: 10 Feb 2010
David P. Blake, Allan Timmermann, Ian Tonks and Russ Wermers
City, University of London, UCSD, University of Bristol - Department of Finance and Accounting and University of Maryland - Robert H. Smith School of Business
Downloads 15 (962,497)
Citation 3
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asset management, decentralized management, pension funds, principal agent problems

45.

Politically Smart: Political Sentiment Signaling of Private Enterprises

Number of pages: 45 Posted: 25 Sep 2023
Zijia Du, Alan Guoming Huang, Russ Wermers and Wenfeng Wu
Shanghai Jiao Tong University (SJTU), Antai College of Economics and Management, Students, University of Waterloo, University of Maryland - Robert H. Smith School of Business and Shanghai Jiao Tong University - Antai College of Economics & Management
Downloads 39 (734,777)

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political sentiment; signaling; China; private enterprises; mind politics; political connections

46.

Scale Economies, Bargaining Power, and Investment Performance: Evidence from Pension Plans

Number of pages: 104 Posted: 30 Nov 2023
Tjeerd de Vries, S. Yanki Kalfa, Allan Timmermann and Russ Wermers
University of California, San Diego (UCSD) - Department of Economics, University of California, San Diego (UCSD) - Rady School of Management, University of California, San Diego (UCSD) - Rady School of Management and University of Maryland - Robert H. Smith School of Business
Downloads 8 (1,005,660)

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Pension plans, active versus passive management, internal versus external asset management, power law, economies of scale, asset allocation, private versus public asset classes, investment performance

47.

Runs on Money Market Funds

CEPR Discussion Paper No. DP9906
Number of pages: 63 Posted: 02 Jun 2014
Lawrence Schmidt, Allan Timmermann and Russ Wermers
MIT Sloan School of Management, UCSD and University of Maryland - Robert H. Smith School of Business
Downloads 3 (1,034,557)
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bank runs, money market mutual funds, quantile regression, strategic complementarities

48.

Picking Funds with Confidence

CEPR Discussion Paper No. DP11896
Number of pages: 61 Posted: 16 Mar 2017
Niels Groenborg, Asger Lunde, Asger Lunde, Allan Timmermann and Russ Wermers
School of Economics and Business Economics, Aarhus University, CREATESAarhus University - School of Business and Social Sciences, UCSD and University of Maryland - Robert H. Smith School of Business
Downloads 2 (1,041,526)
Citation 2
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equity mutual funds, Fund confidence set, risk-adjusted performance

49.

Investor Flows to Asset Managers: Causes and Consequences

Annual Review of Financial Economics, Vol. 6, pp. 289-310, 2014
Posted: 25 Nov 2014
Susan Kerr Christoffersen, David K. Musto and Russ Wermers
University of Toronto - Rotman School of Management, University of Pennsylvania - Finance Department and University of Maryland - Robert H. Smith School of Business

Abstract:

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50.

Active Management in Mostly Efficient Markets

Financial Analysts Journal, Vol. 67, No. 6, 2011
Posted: 23 Nov 2011
Russ Wermers and Robert W. Jones
University of Maryland - Robert H. Smith School of Business and affiliation not provided to SSRN

Abstract:

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Portfolio Management, Equity Portfolio Management Strategies, Active Management, Fixed-Income Portfolio Management Strategies, Active Management, Portfolio Concepts from Capital Market Theory, Efficient Market Hypothesis, Risk Management

51.

Performance Measurement of Mutual Funds, Hedge Funds, and Institutional Accounts

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Performance Measurement of Mutual Funds, Hedge Funds, and Institutional Accounts

Annual Review of Financial Economics, Forthcoming
Posted: 20 Oct 2011
Russ Wermers
University of Maryland - Robert H. Smith School of Business

Abstract:

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mutual funds, hedge funds, institutional investors, pension funds, performance evaluation

Performance Measurement of Mutual Funds, Hedge Funds, and Institutional Accounts

Annual Review of Financial Economics, Vol. 3, pp. 537-574, 2011
Posted: 10 Jan 2012
Russ Wermers
University of Maryland - Robert H. Smith School of Business

Abstract:

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52.

Active Management in Mostly Efficient Markets

Financial Analysts Journal, Forthcoming
Posted: 20 Oct 2011
Robert Jones and Russ Wermers
Arwen Advisors and University of Maryland - Robert H. Smith School of Business

Abstract:

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mutual funds, active management, performance evaluation

53.

Mutual Fund Performance: An Empirical Decomposition into Stock-Picking Talent, Style, Transactions Costs, and Expenses

Posted: 03 Jul 2000
Russ Wermers
University of Maryland - Robert H. Smith School of Business

Abstract:

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54.

Momentum Investment Strategies, Portfolio Performance, and Herding: A Study of Mutual Fund Behavior

Posted: 07 Sep 1999
Mark Grinblatt, Sheridan Titman and Russ Wermers
University of California, Los Angeles (UCLA) - Finance Area, University of Texas at Austin - Department of Finance and University of Maryland - Robert H. Smith School of Business

Abstract:

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55.

Herding, Trade Reversals, and Cascading by Institutional Investors

Posted: 20 Dec 1998
Russ Wermers
University of Maryland - Robert H. Smith School of Business

Abstract:

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