Maybe fund managers can beat the market afterall. An Analysis of Mutual Funds by Alexander, Cici,Gibson

SSRN-Does Motivation Matter When Assessing Trade Performance? An Analysis of Mutual Funds by Gordon Alexander, Gjergji Cici, George Gibson

Alexander, Cici, and Gibson provide some interesting evidence that mutual fund managers may be better at picking stocks than previous literature has suggested. The authors show that when mutual fund trades are broken down by the motivation for the trade (for