AgPa #60: Some Advice for Asset Manager Selection
Manager Selection, Deselection, and Termination (2020)
Mark Anson
The Journal of Portfolio Management Fund Manager Selection 2020, 46(5), 6-16, URL
After examining the end of the asset manager selection process (i.e. firing decisions) in the last post, this week’s AGNOSTIC Paper provides a broader overview. The author touches a lot of issues and provides some general advice how to cope with them in practice…
- Asset owners seem to be bad in hiring and firing managers
- How to decide about firing a manager
- Style Drift, Style Clustering, and Fees
- The very important difference between Alpha and Beta
- Momentum and Crowding