Is Portfolio Performance Related to Whether a Manager Has ...

Soon afterwards Golec (1996) examined whether a mutual fund manager’s characteristics help to explain fund performance, risk, and fees. For 530 mutual funds from 1988-1990, he found that performance (yield and alpha), risk (beta and residual return standard deviation) and fees (expense ratio, management fees, and turnover) were significantly impacted by manager age, tenure, and MBA ... ................
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