Markus Ibert

Working Papers

What Do Mutual Fund Managers' Private Portfolios Tell Us About Their Skills? (Ola Bengtsson prize, WFA Cubist Systematic Strategies Award), Accepted at Journal of Financial Intermediation, Media coverage: Svenska Dagbladet

Mutual fund managers who personally invest in their funds outperform those who do not, consistent with a model in which managers are certain about their own ability but investors are not.

Peer-reviewed publications

Are Mutual Fund Managers Paid for Investment Skill? (with Ron Kaniel, Stijn Van Nieuwerburgh, and Roine Vestman, The Review of Financial Studies, Volume 31, Issue 2, Pages 715-722, February 2018), Media coverage: Reuters, VoxEU, Harvard Law School Forum, Financial Post, Bloomberg

Fund manager pay increases with fund revenue and fund family profits, but only weakly with fund performance.


Other publications