Manual Review Interface
46 NEEDS_REVIEW Papers - Mutual Fund Style Drift SLR
Instructions: Review each paper and classify as:
- Relevant - Paper discusses mutual fund style, style drift, or related concepts
- Not Relevant - Paper is tangentially related or off-topic
- Uncertain - Needs deeper review or expert judgment
Empirical Characteristics of Dynamic Trading Strategies: The Case of Hedge Funds
Review of Financial Studies
Abstract: {'This': [0], 'article': [1, 40], 'presents': [2], 'some': [3], 'new': [4], 'results': [5, 15], 'on': [6, 10], 'an': [7, 61], 'unexplored': [8], 'dataset': [9], 'hedge': [11, 18, 47], 'fund': [12], 'performance.': [13], 'The': [14, 39], 'indicate': [16], 'that': [17, 22, 33], 'funds': [19], 'follow': [20], 'strategies': [21, 35], 'are': [23, 36], 'dramatically': [24], 'different': [25], 'from': [26], 'mutual': [27], 'funds,': [28, 48], 'and': [29, 70], 'support': [30], 'the': [31], 'claim': [32]...
Hedge Fund Benchmarks: A Risk-Based Approach
Financial Analysts Journal
Abstract:
The Eco-Efficiency Premium Puzzle
Financial Analysts Journal
Abstract: {'Does': [0], 'socially': [1, 133], 'responsible': [2, 134, 234, 376], 'investing': [3, 135], '(sri)': [4], 'lead': [5], 'to': [6, 33, 148, 166, 193, 257, 270, 278, 410, 485, 503], 'inferior': [7], 'or': [8, 96, 228, 338], 'superior': [9, 43], 'portfolio': [10, 68, 296, 378, 435, 439], 'performance?': [11], 'this': [12, 325, 383], 'study': [13, 55, 173], 'focused': [14, 174], 'on': [15, 46, 175, 215, 394, 445], 'the': [16, 26, 34, 54, 79, 100, 112, 130, 152, 167, 186, 194, 216, 236, 240, 264, 27...
Returns to Shareholder Activism: Evidence from a Clinical Study of the Hermes UK Focus Fund
Review of Financial Studies
Abstract: {'This': [0], 'article': [1], 'reports': [2], 'a': [3], 'unique': [4], 'analysis': [5], 'of': [6, 52, 107], 'private': [7, 64], 'engagements': [8, 35, 92], 'by': [9, 22, 28, 41, 101], 'an': [10], 'activist': [11], 'fund.': [12], 'It': [13], 'is': [14], 'based': [15], 'on': [16, 34, 74, 105], 'data': [17], 'made': [18], 'available': [19], 'to': [20], 'us': [21], 'Hermes,': [23], 'the': [24, 29, 57], 'fund': [25, 58, 78], 'manager': [26], 'owned': [27], 'British': [30], 'Telecom': [31], 'Pension':...
Shaped by Booms and Busts: How the Economy Impacts CEO Careers and Management Styles
Review of Financial Studies
Abstract: {'We': [0], 'show': [1], 'that': [2, 91], 'economic': [3], 'conditions': [4], 'when': [5], 'managers': [6], 'enter': [7], 'the': [8, 72, 75, 92, 99], 'labor': [9], 'market': [10], 'have': [11, 38], 'long-run': [12], 'effects': [13, 65], 'on': [14], 'their': [15, 24], 'career': [16], 'paths': [17], 'and': [18, 49, 51, 56, 59, 101], 'managerial': [19], 'styles.': [20], 'Managers': [21], 'who': [22], 'began': [23], 'careers': [25], 'during': [26], 'recessions': [27], 'become': [28], 'CEOs': [29, 80...
How Smart Are the Smart Guys? A Unique View from Hedge Fund Stock Holdings
Review of Financial Studies
Abstract:
Asset-Based Style Factors for Hedge Funds
Financial Analysts Journal
Abstract:
Does Historical Performance Predict Future Performance?
Financial Analysts Journal
Abstract: {'An': [0], 'investigation': [1], 'of': [2, 5, 44, 53, 71, 100, 119], 'the': [3, 77, 116], 'persistence': [4, 70, 88, 95, 112], 'mutual': [6], 'fund': [7, 31, 61, 92, 101], 'performance': [8, 16, 72], 'indicates': [9], 'that': [10], 'investors': [11], 'need': [12], 'more': [13], 'than': [14], 'past': [15], 'numbers': [17], 'to': [18, 29, 56, 68, 76], 'pick': [19], 'future': [20], 'winners.': [21], 'In': [22], 'this': [23, 111], 'study,': [24], 'style': [25, 35], 'analysis': [26, 81], 'was': [27,...
Portfolio Optimization with Tracking-Error Constraints
Financial Analysts Journal
Abstract: {'AbstractThis': [0], 'article': [1, 83], 'explores': [2], 'the': [3, 35, 44, 57, 94, 108, 124, 127, 145, 148, 159, 177, 180, 183, 187, 201, 205, 213, 227, 256, 264, 268, 272, 281, 292, 300, 316, 361, 382, 398, 403, 409, 413, 433, 449, 461, 468, 477, 488, 491, 512, 531, 535, 544, 547, 572, 575, 582, 589, 601, 685], 'risk': [4, 270, 289, 342, 495, 554, 556, 640], 'and': [5, 417, 435, 626], 'return': [6, 327], 'relationship': [7], 'of': [8, 26, 46, 103, 107, 111, 126, 150, 161, 179, 182, 207, 215,...
Hedge-Fund Benchmarks: Information Content and Biases
Financial Analysts Journal
Abstract:
Morningstar Ratings and Mutual Fund Performance
Journal of Financial and Quantitative Analysis
Abstract:
Does Prior Performance Affect a Mutual Fund’s Choice of Risk? Theory and Further Empirical Evidence
Journal of Financial and Quantitative Analysis
Abstract: {'Abstract': [0], 'Recent': [1], 'empirical': [2], 'studies': [3], 'of': [4, 24, 47, 54, 87, 98, 133, 141], 'mutual': [5, 102, 113, 126], 'fund': [6, 16, 21, 103], 'competition': [7], 'examine': [8], 'the': [9, 15, 20, 48, 64, 81, 85, 88, 99, 116, 130, 138], 'relation': [10, 100], 'between': [11, 101], 'a': [12, 30, 41, 55, 61, 123], 'fund’s': [13, 49, 65, 89], 'performance,': [14], 'manager’s': [17, 22, 31], 'compensation,': [18], 'and': [19, 95, 105], 'choice': [23, 33], 'portfolio': [25, 32],...
A Trading Volume Benchmark: Theory and Evidence
Journal of Financial and Quantitative Analysis
Abstract: {'This': [0, 23], 'paper': [1], 'provides': [2], 'a': [3, 12, 44, 88, 123, 178], 'theoretical': [4], 'rebalancing': [5, 74], 'benchmark': [6, 86, 102, 149, 162], 'for': [7, 32, 157, 181], 'trading': [8, 15, 34, 40, 63, 92, 141, 147, 156, 186], 'volume': [9], 'that': [10, 65, 96, 144, 159, 175], 'delivers': [11], 'connection': [13], 'between': [14], 'activity': [16, 35], 'in': [17, 154], 'individual': [18, 169], 'stocks': [19], 'and': [20, 109, 112], 'market-wide': [21, 33], 'volume.': [22, 41], ...
Herding in the German Mutual Fund Industry
European Financial Management
Abstract:
Mutual Fund Competition, Managerial Skill, and Alpha Persistence
Review of Financial Studies
Abstract:
Mutual Fund Performance and Manager Style
Financial Analysts Journal
Abstract: {'In': [0], 'this': [1, 45], 'analysis': [2], 'of': [3, 51, 70, 81], 'the': [4, 52, 59, 86, 92], 'relationship': [5], 'between': [6], 'equity': [7, 34], 'mutual': [8], 'fund': [9], 'performance': [10, 40, 83], 'and': [11, 63, 90], 'manager': [12], 'style,': [13, 35], 'two': [14], 'questions': [15], 'are': [16, 31, 47], 'addressed.': [17], 'First,': [18], 'does': [19, 36], 'any': [20, 37], 'investment': [21], 'style': [22, 38], 'generate': [23], 'abnormal': [24, 56, 68], 'returns': [25, 57, 69], ...
Global Hedge Funds: Risk, Return, and Market Timing
Financial Analysts Journal
Abstract: {'AbstractWe': [0], 'examined': [1], 'the': [2, 18, 43, 104, 113, 129, 137, 145, 158, 165, 199, 206, 231, 280, 289, 320, 344, 347, 386, 400, 512, 553, 562], 'performance': [3, 93, 188, 411, 415, 427, 467], 'of': [4, 115, 140, 148, 160, 173, 185, 215, 243, 268, 340, 388, 432, 457, 483, 564], '115': [5, 149], 'global': [6, 27, 150, 244, 248, 252, 256, 263, 327], 'equity-based': [7, 151, 222], 'hedge': [8, 28, 72, 105, 117, 141, 152, 161, 174, 186, 216, 245, 328, 341, 360, 459, 489, 506], 'funds': ...
The Mutual Fund Industry 60 Years Later: For Better or Worse?
Financial Analysts Journal
Abstract: {'AbstractThe': [0], 'mutual': [1, 54, 78, 92, 102, 106, 251, 291, 301, 322, 357, 366, 405], 'fund': [2, 19, 55, 79, 93, 103, 107, 173, 230, 292, 302, 323, 351, 358, 367, 406], 'industry': [3, 80, 108, 138, 303, 324, 384, 396, 416], 'has': [4, 109, 150, 214, 325], 'undergone': [5, 110], 'tremendous': [6, 111, 389], 'change': [7, 112], 'in': [8, 76, 86, 148, 178, 375, 382, 394], 'the': [9, 26, 29, 34, 62, 77, 87, 96, 116, 125, 129, 191, 201, 216, 219, 245, 248, 300, 327, 338, 347, 395, 402, 422],...
Survival, Look-Ahead Bias, and Persistence in Hedge Fund Performance
Journal of Financial and Quantitative Analysis
Abstract:
Side-by-Side Management of Hedge Funds and Mutual Funds
Review of Financial Studies
Abstract: {'We': [0, 15, 22], 'examine': [1], 'situations': [2], 'where': [3], 'the': [4, 53, 60, 111], 'same': [5], 'fund': [6, 76, 95, 119, 131], 'manager': [7], 'simultaneously': [8], 'manages': [9], 'mutual': [10, 29, 75, 118, 130], 'funds': [11, 30], 'and': [12, 31, 46, 59], 'hedge': [13, 33, 94], 'funds.': [14, 34], 'refer': [16], 'to': [17, 44, 89, 134], 'this': [18, 37, 84], 'as': [19], 'side-by-side': [20, 74, 93], 'management.': [21], 'document': [23], '344': [24], 'such': [25], 'cases': [26], '...
A Cross-Sectional Machine Learning Approach for Hedge Fund Return Prediction and Selection
Management Science
Abstract:
Ratings-Driven Demand and Systematic Price Fluctuations
Review of Financial Studies
Abstract:
The Life Cycle of Hedge Funds: Fund Flows, Size, Competition, and Performance
Quarterly Journal of Finance
Abstract:
Allocating between Active and Passive Management
Financial Analysts Journal
Abstract: {'With': [0], 'the': [1, 6, 10, 31, 33, 48, 56, 69, 87], 'recent': [2], 'difficulty': [3], 'in': [4, 38, 64], 'beating': [5], 'S&P': [7], '500': [8], 'Index,': [9], 'debate': [11], 'over': [12], 'active': [13, 51], 'versus': [14], 'passive': [15], 'investing': [16], 'has': [17], 'risen': [18], 'to': [19, 42, 92, 105], 'a': [20, 27, 75, 82], 'new': [21], 'level': [22], 'of': [23, 50, 62, 78, 90], 'importance.': [24], 'We': [25], 'provide': [26], 'framework': [28], 'for': [29, 68], 'analyzing': [3...
Toward ESG Alpha: Analyzing ESG Exposures through a Factor Lens
Financial Analysts Journal
Abstract:
A Matter of (Relational) Style: Loan Officer Consistency and Exchange Continuity in Microfinance
Management Science
Abstract: {'Social': [0], 'scientists': [1], 'have': [2, 12], 'long': [3], 'considered': [4], 'what': [5], 'mechanisms': [6, 11], 'underlie': [7], 'repeated': [8, 101], 'exchange.': [9, 154], 'Three': [10], 'garnered': [13], 'the': [14, 45, 57, 92, 106, 161, 170], 'majority': [15], 'of': [16, 49, 59, 86, 94, 108, 119, 150, 173], 'this': [17, 89, 130], 'attention:': [18], 'formal': [19], 'contracts,': [20, 22], 'relational': [21, 113, 141, 162, 191, 196], 'and': [23, 47, 54, 126, 135, 152, 183], 'relationa...
Do Mutual Fund Investors Overweight the Probability of Extreme Payoffs in the Return Distribution?
Journal of Financial and Quantitative Analysis
Abstract:
Style and Skill: Hedge Funds, Mutual Funds, and Momentum
Management Science
Abstract:
A More Predictive Index of Market Sentiment
Journal of Behavioral Finance
Abstract:
Deviations from Norms and Informed Trading
Journal of Financial and Quantitative Analysis
Abstract: {'Abstract': [0], 'Investment': [1], 'managers': [2], 'are': [3], 'subject': [4], 'to': [5, 53, 68], 'personal': [6], 'and': [7, 31], 'institutional': [8, 92], 'norms': [9, 24, 95], 'that': [10, 18, 34, 50, 88], 'can': [11], 'constrain': [12], 'their': [13], 'investment': [14], 'choices.': [15], 'We': [16, 72], 'conjecture': [17], 'norm-constrained': [19], 'investors': [20], 'deviate': [21], 'from': [22, 80, 90], 'such': [23, 70], 'only': [25], 'when': [26, 65], 'they': [27, 66], 'have': [28], '...
On the Style-Based Feedback Trading of Mutual Fund Managers
Journal of Financial and Quantitative Analysis
Abstract:
The Prevalence of the Disposition Effect in Mutual Funds’ Trades
Journal of Financial and Quantitative Analysis
Abstract: {'Abstract': [0], 'U.S.': [1], 'equity': [2], 'mutual': [3], 'funds,': [4], 'on': [5, 98], 'average,': [6], 'prefer': [7], 'realization': [8], 'of': [9, 23, 40, 63, 88], 'capital': [10, 13], 'losses': [11], 'to': [12, 70], 'gains.': [14], 'Nevertheless,': [15], 'a': [16], 'substantial': [17], 'fraction': [18], 'exhibits': [19], 'the': [20, 38, 41], 'disposition': [21, 42], 'effect': [22, 43, 97], 'realizing': [24], 'gains': [25], 'more': [26, 68, 73], 'readily': [27], 'than': [28, 75], 'losses.'...
Brain Drain: Are Mutual Funds Losing Their Best Minds?
Quarterly Journal of Finance
Abstract:
The Career Paths of Mutual Fund Managers: The Role of Merit
Financial Analysts Journal
Abstract:
Style Management in Equity Country Allocation
Financial Analysts Journal
Abstract:
Mutual Fund Trading Style and Bond Market Fragility
Review of Financial Studies
Abstract:
The Liquidity Style of Mutual Funds
Financial Analysts Journal
Abstract:
Irrational Mutual Fund Managers: Explaining Differences in Their Behavior
Journal of Behavioral Finance
Abstract:
Transaction Costs, Portfolio Characteristics, and Mutual Fund Performance
Management Science
Abstract:
Mutual Fund Shareholder Letters: Flows, Performance, and Managerial Behavior
Management Science
Abstract: {'Fund': [0, 31], 'companies': [1, 53], 'regularly': [2], 'send': [3], 'shareholder': [4, 40, 56], 'letters': [5, 57], 'to': [6, 13, 34, 47, 62], 'their': [7], 'investors.': [8], 'We': [9], 'use': [10, 55], 'textual': [11], 'analysis': [12], 'investigate': [14], 'whether': [15, 24], 'these': [16], 'letters’': [17], 'writing': [18, 86], 'style': [19, 87, 96], 'influences': [20], 'fund': [21, 52], 'flows': [22], 'and': [23, 28, 37, 121], 'it': [25], 'predicts': [26, 88], 'performance': [27, 81], '...
Explaining After-Tax Mutual Fund Performance
Financial Analysts Journal
Abstract:
Performance Attribution using an APT with Prespecified Macrofactors and Time-Varying Risk Premia and Betas
Journal of Financial and Quantitative Analysis
Abstract:
Custom Factor Attribution
Financial Analysts Journal
Abstract: {'Portfolio': [0], 'analysts': [1], 'often': [2], 'use': [3], 'one': [4], 'set': [5, 16, 78, 101], 'of': [6, 28, 79, 102], 'decision': [7], 'variables': [8], 'for': [9, 17], 'attributing': [10, 18], 'portfolio': [11], 'returns': [12], 'and': [13, 30, 69, 98], 'a': [14, 76, 95, 99], 'different': [15], 'risk.': [19], 'This': [20, 32], 'practice': [21], 'obscures': [22], 'the': [23, 26, 38, 42, 61, 70, 83, 109], 'relationship': [24], 'between': [25], 'sources': [27], 'risk': [29], 'return.': [31], ...
Horses for Courses: Fund Managers and Organizational Structures
Journal of Financial and Quantitative Analysis
Abstract:
Looking under the Hood of Active Credit Managers
Financial Analysts Journal
Abstract:
Discontinued Positive Feedback Trading and the Decline of Return Predictability
Journal of Financial and Quantitative Analysis
Abstract: