Do machines beat humans? Evidence from mutual fund performance persistence
We study the performance persistence of quantitative actively managed US equity funds. We show that the persistence of quantitative funds originates from poor performers and that there are reversals at the top of the performance scale, which is no different from the widely accepted evidence in the m...
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| Format: | article |
| Language: | eng |
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2021
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| Online Access: | http://hdl.handle.net/10071/24521 |
| Country: | Portugal |
| Oai: | oai:repositorio.iscte-iul.pt:10071/24521 |