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How To Treat High-Achieving Managers, Timothy Hinkin
How To Treat High-Achieving Managers, Timothy Hinkin
Timothy R. Hinkin
[Excerpt] Many financial institutions today experience major conflicts between their subordinates’ needs for performance feedback and managers’ willingness and ability to satisfy those needs. A considerable body of research suggests that most subordinates desire feedback regarding their performance. In contrast, the results of many years of study have found that managers are often hesitant to provide feedback, as illustrated by the following findings.
An Update On The Performance Of Actively Managed Etfs, Steven Dolvin
An Update On The Performance Of Actively Managed Etfs, Steven Dolvin
Steven D. Dolvin
Actively managed ETFs are a relatively recent introduction to the investing landscape, and understanding their performance against passive funds is becoming increasingly important. Consistent with preliminary studies, I find that active funds are more volatile than their passive counterparts and do not provide an absolute return advantage. Thus, active ETFs are generally not good substitutes for existing passively managed funds. However, in contrast to prior studies, I find that performance metrics based on relative risk (e.g., Information and Treynor ratios) suggest that active funds may be good additions to existing portfolios for their diversification benefits. I also find that these …