Manager Selection: How Do You Choose a Good Fund Manager?

Understand why manager selection is important. Appreciate the limitations of short-term performance data as a means of assessing a manager’s skill. Understand the difficulty of separating luck from skill and the role of mean reversion in interpreting fund performance. Understand the importance when evaluating a fund manager of the manager’s Investment Philosophy and Process. Be in a better position to question your current and prospective fund managers.