Mutual Fund Managerial Ownership and Fund Performance

Abstract

This abstract was created post-production by the JFI Editorial Board.

In this paper, we have examined mutual fund share ownership by fund portfolio managers, using newly-reported data. These new data, although requiring manual collection and fraught with potential obstacles for interpretation, may yield new insight into fund and industry operations. Our basic investigation of ownership and fund performance indicated no relationship between a portfolio manager's ownership of fund shares and several performance-related fund
variables.