Manager Selection

148 Pages Posted: 8 Mar 2015

See all articles by Scott Stewart

Scott Stewart

Boston University - Questrom School of Business

Date Written: December 1, 2013


Manager selection is a critical step in implementing any investment program. Investors hire portfolio managers to act as their agents, and portfolio managers are then expected to perform to the best of their abilities and in the investors’ best interests. Investors must practice due diligence when selecting portfolio managers. They need to not only identify skillful managers, but also determine the appropriate weights to assign to those managers. This book is designed to help investors improve their ability to select managers. Achieving this goal includes reviewing techniques for hiring active, indexed, and alternative managers; highlighting strategies for setting portfolio manager weights and monitoring current managers; and considering the value of quantitative and qualitative methods for successful manager selection.

Keywords: manager selection, research foundation, cfa institute, portfolio managers, indexing, active management

JEL Classification: G11

Suggested Citation

Stewart, Scott, Manager Selection (December 1, 2013). CFA Institute Research Foundation M2013-4, Available at SSRN:

Scott Stewart (Contact Author)

Boston University - Questrom School of Business ( email )

595 Commonwealth Avenue
Boston, MA MA 02215
United States

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