If I pick A Winning Manager, Aren’t I Likely To Beat The Market?

Recently in New Zealand a few star managers have had brilliant runs easily outperforming markets since inception. Why on earth would an investor not want to use these funds for their New Zealand share allocation? We have a lot of respect for what star performers have done. It’s not easy to produce e...

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Bibliographic Details
Main Author: Ben Brinkerhoff
Format: Article
Language:English
Published: Tuwhera Open Access Publisher 2014-11-01
Series:Applied Finance Letters
Online Access:https://ojs.aut.ac.nz/applied-finance-letters/article/view/25
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spelling doaj-3a2fde0a5a4e423dbfef87024a295d442020-11-25T01:22:06ZengTuwhera Open Access PublisherApplied Finance Letters2253-57992253-58022014-11-013210.24135/afl.v3i2.25If I pick A Winning Manager, Aren’t I Likely To Beat The Market?Ben Brinkerhoff0Consilium NZRecently in New Zealand a few star managers have had brilliant runs easily outperforming markets since inception. Why on earth would an investor not want to use these funds for their New Zealand share allocation? We have a lot of respect for what star performers have done. It’s not easy to produce exceptional performance. But for all their glory, the websites of the star performers provide us with the answer to the question… “Past performance is no guarantee of future returns.” When asked a question about a star investment manager we typically respond with a question of our own that goes something like this, “Would you believe that this is a very well-studied issue?”https://ojs.aut.ac.nz/applied-finance-letters/article/view/25
collection DOAJ
language English
format Article
sources DOAJ
author Ben Brinkerhoff
spellingShingle Ben Brinkerhoff
If I pick A Winning Manager, Aren’t I Likely To Beat The Market?
Applied Finance Letters
author_facet Ben Brinkerhoff
author_sort Ben Brinkerhoff
title If I pick A Winning Manager, Aren’t I Likely To Beat The Market?
title_short If I pick A Winning Manager, Aren’t I Likely To Beat The Market?
title_full If I pick A Winning Manager, Aren’t I Likely To Beat The Market?
title_fullStr If I pick A Winning Manager, Aren’t I Likely To Beat The Market?
title_full_unstemmed If I pick A Winning Manager, Aren’t I Likely To Beat The Market?
title_sort if i pick a winning manager, aren’t i likely to beat the market?
publisher Tuwhera Open Access Publisher
series Applied Finance Letters
issn 2253-5799
2253-5802
publishDate 2014-11-01
description Recently in New Zealand a few star managers have had brilliant runs easily outperforming markets since inception. Why on earth would an investor not want to use these funds for their New Zealand share allocation? We have a lot of respect for what star performers have done. It’s not easy to produce exceptional performance. But for all their glory, the websites of the star performers provide us with the answer to the question… “Past performance is no guarantee of future returns.” When asked a question about a star investment manager we typically respond with a question of our own that goes something like this, “Would you believe that this is a very well-studied issue?”
url https://ojs.aut.ac.nz/applied-finance-letters/article/view/25
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