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Is It the Fund or the Fund Manager that Fuels Performance?

Is It the Fund or the Fund Manager that Fuels Performance?

“When it comes to the world of work, mutual fund managers are a respected breed. Yet what part does the fund itself play in a successful outcome? Klaas P. Baks, assistant professor of finance at Emory University’s Goizueta Business School, researched this question in his paper “On the Performance of Mutual Fund Managers.” Baks’ paper separates the fund manager from the fund organization as a means of analyzing performance to determine just how important that star manager truly is. The results are surprising.”
http://knowledge.emory.edu/index.cfm?fa=viewArticle&ID=964

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