The Manager Skill Enigma

Link to Article
  • Author: C. Thomas Howard, PhD
  • Publication: Advisor Perspectives
  • Publication Date: September 2008
  • Intro: Why do some studies show superior performance for active managers and others do not? In order to unravel this enigma, it is important to understand the underlying assumptions as well as the institutional and economic realities affecting the link between manager skill and fund returns.