Exploring Fund Management Expertise
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Erscheint vorauss. 30. Dezember 2025
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This book addresses that need, offering novel insights into how expert fund managers-those who consistently beat the market-make their judgments and decisions. It is often claimed that actively managed funds create value for investors by making more informed decisions. The general idea is that experts make judgments and decisions that will outperform passively managed funds, i.e., the market. Although such claims seem reasonable, many actively managed funds do not consistently beat the market. This raises questions about whether these funds are truly managed by experts. Additionally, it is arg...
This book addresses that need, offering novel insights into how expert fund managers-those who consistently beat the market-make their judgments and decisions. It is often claimed that actively managed funds create value for investors by making more informed decisions. The general idea is that experts make judgments and decisions that will outperform passively managed funds, i.e., the market. Although such claims seem reasonable, many actively managed funds do not consistently beat the market. This raises questions about whether these funds are truly managed by experts. Additionally, it is argued that the fees charged by actively managed funds are too high relative to the value they provide. However, some assert that certain fund managers do outperform the market in the long term. Regardless of the position one takes, there is a clear need to critically examine and discuss the concept of fund management expertise.
It also explores how recent and significant societal developments, such as sustainability, artificial intelligence, and increasing accountabilities, are shaping the nature of expertise today and how it might evolve in the future. The book draws on both earlier research on expertise and recent publications related to business and accounting, as well as insights from new empirical studies. It appeals to both scholars and professionals in finance wanting to learn about capital markets and fund management.
It also explores how recent and significant societal developments, such as sustainability, artificial intelligence, and increasing accountabilities, are shaping the nature of expertise today and how it might evolve in the future. The book draws on both earlier research on expertise and recent publications related to business and accounting, as well as insights from new empirical studies. It appeals to both scholars and professionals in finance wanting to learn about capital markets and fund management.
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