tag:blogger.com,1999:blog-5465015914589377788.post8511275418762080751..comments2024-03-20T09:32:16.592-04:00Comments on Michael James on Money: Mutual Fund ScorecardMichael Jameshttp://www.blogger.com/profile/10362529610470788243noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-5465015914589377788.post-22491772331248909522020-10-30T10:45:50.214-04:002020-10-30T10:45:50.214-04:00The comment above was a response to Thicken My Wal...The comment above was a response to Thicken My Wallet's comment:<br /><br />Great post. There is also the obvious point that most managers make end of quarter/year trades to make their performance look better.<br /><br />I would love to see a study where they looked at the performance of the fund taking out the last couple of trading days in a quarter.Michael Jameshttps://www.blogger.com/profile/10362529610470788243noreply@blogger.comtag:blogger.com,1999:blog-5465015914589377788.post-42999118394658001752009-02-04T11:20:00.000-05:002009-02-04T11:20:00.000-05:00I've always thought that active managers outperfor...I've always thought that active managers outperform in bear markets -- after all, they hold a bit of cash and cash is king in bear markets. The SPIVA reports for the last 2 quarters of 2008 show that this isn't always true. As you point out, the record of active managers versus the benchmark is a statistical tie.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5465015914589377788.post-70005852394629124652009-02-04T11:12:00.000-05:002009-02-04T11:12:00.000-05:00Thicken: The practice of buying more of a stock to...Thicken: The practice of buying more of a stock to drive up its price just before quarter end seems wrong to me, but apparently it goes on. This will increase a mutual fund's return for a given quarter, but the stock will slide back on the first day of the next quarter. So, the mutual fund gets some benefit the first time they do this, but in subsequent quarters, the loss at the beginning of the quarter offsets to gain at the end of the quarter.Michael Jameshttps://www.blogger.com/profile/10362529610470788243noreply@blogger.com