Finding your calling: Matching skills with jobs in the mutual fund industry

Arbeitspapier

To best utilize labor, companies need to match employees' skills with jobs that best fit those skills. Exploiting unique features of the mutual fund industry, we identify instances when this matching happens for fund managers and study its consequences. After fund managers are matched, they improve their risk-adjusted performance significantly. Fund companies use this information to maximize company value by reallocating existing and directing new capital to their matched managers and by collecting higher fees from the matched managers' funds. In addition, they make the expertise of matched managers available to the other managers of the fund company.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: CFR Working Paper ; No. 19-05

Classification and Topics

• Classification: Wirtschaft ; Pension Funds; Non-bank Financial Institutions; Financial Instruments; Institutional Investors ; Human Capital; Skills; Occupational Choice; Labor Productivity ; Job, Occupational, and Intergenerational Mobility; Promotion ; Personnel Economics: General
• Subject: human capital ; mutual funds ; occupational match finding

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Cici, Gjergji ; Hendriock, Mario ; Kempf, Alexander
• Event: Veröffentlichung
• (who): University of Cologne, Centre for Financial Research (CFR)
• (where): Cologne
• (when): 2022

Further information

• Handle: http://hdl.handle.net/10419/262224
• Last update: 10.03.2025, 11:41 AM CET