C
Clemens Sialm
Researcher at University of Texas at Austin
Publications - 84
Citations - 5795
Clemens Sialm is an academic researcher from University of Texas at Austin. The author has contributed to research in topics: Mutual fund & Equity (finance). The author has an hindex of 30, co-authored 81 publications receiving 5328 citations. Previous affiliations of Clemens Sialm include National Bureau of Economic Research & Stanford University.
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On the Industry Concentration of Actively Managed Equity Mutual Funds
TL;DR: In this article, the authors studied the relation between industry concentration and the performance of actively managed US mutual funds from 1984 to 1999 and found that on average, more concentrated funds perform better after controlling for risk and style differences using various performance measures.
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On the Industry Concentration of Actively Managed Equity Mutual Funds
TL;DR: The authors studied the relationship between industry concentration and the performance of actively managed U.S. mutual funds from 1984 to 1999 and found that, on average, more concentrated funds perform better after controlling for risk and style differences using various performance measures.
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Unobserved Actions of Mutual Funds
TL;DR: In this article, the authors estimate the impact of unobserved actions on fund returns using the return gap, the difference between the reported fund return and the return on a portfolio that invests in the previously disclosed fund holdings.
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Risk Shifting and Mutual Fund Performance
TL;DR: In this article, the authors investigated the performance consequences of risk shifting, as well as the economic motivations and the mechanisms for risk shifting using a holdings-based measure of risk shifts, and found that funds that increase risk perform worse than funds that keep stable risk levels over time.
Posted Content
Unobserved Actions of Mutual Funds
TL;DR: In this paper, the authors estimate the impact of unobserved actions on fund returns using the return gap -the difference between the reported fund return and the return on a portfolio that invests in the previously disclosed fund holdings.