Markus Ibert

Working Papers

Equity Return Expectations and Portfolios: Evidence from Large Asset Managers (Solicited by and Revise and Resubmit at the Review of Financial Studies) (with Magnus Dahlquist)

Peer-reviewed publications

What Do Mutual Fund Managers' Private Portfolios Tell Us About Their Skills? (Ola Bengtsson prize, WFA Cubist Systematic Strategies Award), Journal of Financial Intermediation, Volume 53,  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. 

Are Mutual Fund Managers Paid for Investment Skill? (with Ron Kaniel, Stijn Van Nieuwerburgh, and Roine Vestman, 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