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Peter Luckoff investigates why fund flows and manager changes act as equilibrium mechanisms and drive the performance of both previously outperforming and previously underperforming funds back to average levels.
Dr. Peter Lückoff was a research associate at the Center for Finance and Banking at the University of Giessen (Professor Wolfgang Bessler), a junior research fellow at the Pensions Institute of Cass Business School, London, and a visiting research fellow at Exeter University Business School.
Institutional Setting in Delegated Asset Management; Investment Performance Evaluation and Determinants; Comprehensive Empirical Study of Performance Persistence, Fund Flows and Manager; Changes Based on a Bayesian Approach
"Eine interessante Lekture mit neuen Erkenntnissen sowohl fur Akademiker als auch Investoren." Absolut report, 4-2012