OSW

SIGNATURE WORK
CONFERENCE & EXHIBITION 2023

The impact of individual characteristics on fund managers’ investment performance

Name

Yizhou Xu

Major

Political Economy / Economics

Class

2023

About

The author of this paper is Yizhou Xu, majoring in DKU's political economics, she has impacted with systematic training in economics internationally.

Signature Work Project Overview

Fund managers are gaining more attention as an increasingly important component of the financial world. How their personal characteristics will affect the performance of the funds they oversee is also an open question. In my research, I considered how the individual characteristics of fund managers will affect the fund return by building a linear regression model. Reviewing the results, I have found that fund managers with wider alumni networks have an advantage in managing funds; more educated fund managers have an advantage over less educated fund managers in managing funds. What’s more, according to my limited data, male fund managers have more advantages than female fund managers. Also, Fund managers who graduated from domestic universities have an advantage over those who graduated from overseas universities. Last but not the least, the longer fund managers stay on top of a fund, the better feedback they are likely to get. However, there are many limitations in my research, for example, my model only contains the personal characteristics of fund managers. In further research, objective characteristics of funds, such as family size and fund size, can be added to increase the accuracy of the model.

Signature Work Presentation Video