Exploring Fund Management Expertise
Springer International Publishing (Verlag)
978-3-032-08544-3 (ISBN)
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This book offers novel insights into how expert fund managers those who demonstrate superior performance over the long term 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. 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.
The book also explores how recent and significant societal developments, such as sustainability, artificial intelligence, and multiple 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.
Fredrik Nilsson has been Professor of Business Studies, specialising in Accounting, at Uppsala University, Sweden, since 2010. Previously he was Professor of Economic Information Systems at Linköping University, Sweden. His research focusses on how different information systems are designed and used in formulating and implementing financial strategies. He is Member of the Examination Council at the Swedish Inspectorate of Auditors, Chairman of the Swedish Research School of Management and Information Technology and a former Chairman of the Swedish Academy of Auditing.
Chapter 1. Expertise in fund management (Fredrik Nilsson).- Chapter 2. Performance and fund managers expertise (Martin Abrahamson).- Chapter 3. Searching for expert fund managers (Martin Abrahamson).- Chapter 4. Judgments and decisions by expert fund managers (Martin Abrahamson).- Chapter 5. Individual foresight and fund management expertise (Melissa Innes).- Chapter 6. Artificial intelligence in discretionary fund management (Haojun Hu).- Chapter 7. Integrating ESG information in active fund management (Katarzyna Cieslak).- Chapter 8. Analysing fund managers accountability (Frank Hartmann).- Chapter 9. Does expertise matter? Concluding reflections (Fredrik Nilsson).
| Erscheinungsdatum | 29.11.2025 |
|---|---|
| Reihe/Serie | Contributions to Finance and Accounting |
| Zusatzinfo | XI, 164 p. 3 illus., 1 illus. in color. |
| Verlagsort | Cham |
| Sprache | englisch |
| Maße | 155 x 235 mm |
| Themenwelt | Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung |
| Schlagworte | Accountability • active portfolio management • Banking • Behavioral Finance • Capital Markets • data analytics • Financial Reporting • Investment • long-term investment • long-term profitability • passive portfolio management • Psychology • Sustainable Finance • Value Creation • Wealth Management |
| ISBN-10 | 3-032-08544-6 / 3032085446 |
| ISBN-13 | 978-3-032-08544-3 / 9783032085443 |
| Zustand | Neuware |
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