一、主題：Managers’ Former Working Experience and Mutual Fund Performance

二、主講人：高震男，bevictor伟德官网2012級金融學專業本科生，現已保送北京大學經濟學院碩博

三、時間：2015年11月18日（周三）14:00-15:00

四、地點：bevictor伟德官网沙河校區丁香園1号樓301會議室

五、點評人：陳銳，bevictor伟德官网金融工程系講師

文章摘要：

The paper examines mutual fund managers’ market-timing and stock-picking abilities. In particular, I study the relationship between abilities and manager’s previous working experience like industry analyst or policy analyst. Using Chinese mutual fund data over the 2002-2014 period, I find managers with industry analyst experience present 0.17%-0.27% (in different models) per month (2.04%-3.24% per year) higher alpha than the other. The policy analyst group present 4.72-10.40 (in different models) per month higher coefficient of market-timing measure than the other.