Recession managers and mutual fund performance
(2021)
Journal Article
Chen, J., Lasfer, M., Song, W., & Zhou, S. (2021). Recession managers and mutual fund performance. Journal of Corporate Finance, 69, Article 102010. https://doi.org/10.1016/j.jcorpfin.2021.102010
We find that fund managers who began their careers during recessions produce superior returns. This superior performance is not unconditional, as they exhibit better market timing than their non-recession counterparts in recessions, but do not demons... Read More about Recession managers and mutual fund performance.