Description
Peter Lckoff 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 Lckoff 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
