Smaller funds outperform larger funds in eight of twelve months in 2012, but performance varies strongly across the subsamples with no clearly dominant group on average.
Source quote, verbatim
Figure 1 shows that smaller funds outperform larger funds in the sample in eight of twelve months in 2012. There is a strong variability in the performance of the subsamples, with on average no clear dominant group.
From
Wulf A. Kaal, Barbara Luppi, Sandra Paterlini, Did the Dodd-Frank Act Impact Private Fund Performance – Evidence from 2010 – 2015 (2016), 5. DATA AND DESCRIPTIVE STATISTICS, p. 8 https://ssrn.com/abstract=2816408 · source PDF
Cite as
Wulf A. Kaal, Barbara Luppi, Sandra Paterlini, Did the Dodd-Frank Act Impact Private Fund Performance – Evidence from 2010 – 2015 (2016). SSRN: https://ssrn.com/abstract=2816408
Holds when
2012 monthly mean returns
subsamples split at $150 million AUM
Classification
empiricalsupport: evidencedempirical-evidence
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