Mutual Funds

Is It Time to Raise Cash?

A recent article in The Wall Street Journal contained a headline that very likely frightened many investors — and in my opinion, that’s precisely what it was meant to do. Otherwise, why inform investors that “U.S. public pension plans and mutual funds are sheltering more of their holdings in cash than they have in years, …Read More.

Does Firing Money Managers Lead to Improved Performance?

Leonard Kostovetsky and Jerold Warner, the authors of the study You’re Fired! New Evidence on Portfolio Manager Turnover and Performance, which was published in the August 2015 issue of the Journal of Financial and Quantitative Analysis, contribute to the literature on the performance of money managers by examining managerial turnover at both internally managed mutual …Read More.