Fund Management: An Emotional Finance Perspective

117 Pages Posted: 9 Jun 2015

See all articles by David Tuckett

David Tuckett

University College London - Centre for the Study of Decision-Making Uncertainty

Richard Taffler

University of Warwick - Finance Group

Date Written: August 2012

Abstract

To increase understanding of the real world of the fund manager, the authors apply principles from emotional finance. They report their findings from analysing in-depth interviews of 52 traditional and quantitative-oriented equity managers. In particular, they examine the importance of storytelling in the managers’ ability to act in the face of uncertainty. The nature of the fund managers’ job requires them to cope with emotions that, particularly if denied, can threaten to overwhelm their thinking.

Keywords: Emotional finance, behavioral finance

JEL Classification: G1, G2

Suggested Citation

Tuckett, David and Taffler, Richard, Fund Management: An Emotional Finance Perspective (August 2012). CFA Institute Research Foundation, ISBN 978-1-934667-49-1; WBS Finance Group Research Paper. Available at SSRN: https://ssrn.com/abstract=2616222

David Tuckett

University College London - Centre for the Study of Decision-Making Uncertainty ( email )

Gower Street
London, WC1 6BT
United Kingdom

HOME PAGE: http://www.ucl.ac.uk/psychoanalysis/unit-staff/david.htm

Richard Taffler (Contact Author)

University of Warwick - Finance Group ( email )

Gibbet Hill Rd
Coventry, CV4 7AL
Great Britain
+442476524153 (Phone)
+442476523779 (Fax)

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