3 ms·
Related: The best study I'm aware of that attempts to estimate the distribution of fund manager skills is this one by Fama and French (of 3 factor model fame) f
by math 11y ago
Related: The best study I'm aware of that attempts to estimate the distribution of fund manager skills is this one by Fama and French (of 3 factor model fame) from 2009: http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1356021 http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1356021
- watmough 11y agoYou are missing the wood for the trees. The real skill is collecting 2.5 billion in fees, for essentially no value added.