Markus Ibert

Working Papers

What Do Mutual Fund Managers' Private Portfolios Tell Us About Their Skills? (Ola Bengtsson prize, WFA Cubist Systematic Strategies Award), Revise & Resubmit 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