Abstract
By an empirical examination on investment fund market in China, We find that portfolio managers’ turnover does not affect the risk adjustment strategy of the funds, demonstrating that fund companies rather than portfolio managers are in charge of the fund investment strategy. Moreover, Chinese portfolio managers, even after they have been terminated, would be appointed other positions in the same fund company. It seems that this kind of turnover hardly has sufficient pressure on portfolio managers.
Full Text 
Sign-in/Register to access full text options
Sign-in/Register to access full text options 
Published version (
Free)
Free) 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
