Quantifying the role of personal management style in the success of investment portfolios

Quantifying the role of personal management style in the success of investment portfolios

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Article ID: iaor20061125
Country: South Africa
Volume: 17
Issue: 1/2
Start Page Number: 13
End Page Number: 28
Publication Date: Jan 2001
Journal: Orion
Authors: ,
Keywords: finance & banking
Abstract:

It is extremely difficult to quantify the effect of different management styles of portfolio managers upon the success of their portfolios. Various mathematical models in the literature attempt to predict the risk and returns of portfolios according to changes in the economic arena, but these models usually do not take into account the personal styles of portfolio managers. The aim of this paper is a modest attempt at quantifying the effect of different managerial styles upon decisions regarding portfolios. This is accomplished by the formulation of a mathematical performance index that portrays the influence of a portfolio manager's personal and managerial characteristics on the success of his portfolio.

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