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@article{ART002314689},
author={Young Kyu Park and Mun-Kyung Cheong and Inwook Song},
title={How to Improve the Oursouced Fund Managers' Performance: A Study on Quatitative and Qualitative Measures to Select Outsourced Fund Managers},
journal={Asset Management Review},
issn={2288-6672},
year={2017},
volume={5},
number={2},
pages={1-20},
doi={10.23007/amr.2017.5.2.1}

TY - JOUR
AU - Young Kyu Park
AU - Mun-Kyung Cheong
AU - Inwook Song
TI - How to Improve the Oursouced Fund Managers' Performance: A Study on Quatitative and Qualitative Measures to Select Outsourced Fund Managers
JO - Asset Management Review
PY - 2017
VL - 5
IS - 2
PB - Institute of Management Research, SungKyunKwan University
SP - 1
EP - 20
SN - 2288-6672
AB - This research investigate the validity of the quantitative and qualitative measures to select the outsourced fund management companies for the Korea National Pension Fund (NPF). For this purpose we analyze the past scores of the each outsourced fund management companies and their ex-post performance. The research results are as follows. First, we found neither qualitative nor quantitative measures cannot predict the future performance of the outsourced fund management companies. Second, it seems that management company stability and human resource power are the measures favorably biased toward larger fund management companies and need to be corrected. Third, we found that fund companies which receive more capital reallocation perform worse whereas the fund companies which return part of their original capital perform better. Therefore, we recommend NPS be more conservative to provide additional capital to a better performing fund management companies, but more positive to withdraw the capital from poorly performing fund management companies.
KW - NPS;Oursourced fund;Quantitative measure;Qualitative measure;Capital allocation
DO - 10.23007/amr.2017.5.2.1
ER -

Young Kyu Park, Mun-Kyung Cheong and Inwook Song. (2017). How to Improve the Oursouced Fund Managers' Performance: A Study on Quatitative and Qualitative Measures to Select Outsourced Fund Managers. Asset Management Review, 5(2), 1-20.

Young Kyu Park, Mun-Kyung Cheong and Inwook Song. 2017, "How to Improve the Oursouced Fund Managers' Performance: A Study on Quatitative and Qualitative Measures to Select Outsourced Fund Managers", Asset Management Review, vol.5, no.2 pp.1-20. Available from: doi:10.23007/amr.2017.5.2.1

Young Kyu Park, Mun-Kyung Cheong, Inwook Song "How to Improve the Oursouced Fund Managers' Performance: A Study on Quatitative and Qualitative Measures to Select Outsourced Fund Managers" Asset Management Review 5.2 pp.1-20 (2017) : 1.

Young Kyu Park, Mun-Kyung Cheong, Inwook Song. How to Improve the Oursouced Fund Managers' Performance: A Study on Quatitative and Qualitative Measures to Select Outsourced Fund Managers. 2017; 5(2), 1-20. Available from: doi:10.23007/amr.2017.5.2.1

Young Kyu Park, Mun-Kyung Cheong and Inwook Song. "How to Improve the Oursouced Fund Managers' Performance: A Study on Quatitative and Qualitative Measures to Select Outsourced Fund Managers" Asset Management Review 5, no.2 (2017) : 1-20.doi: 10.23007/amr.2017.5.2.1

Young Kyu Park; Mun-Kyung Cheong; Inwook Song. How to Improve the Oursouced Fund Managers' Performance: A Study on Quatitative and Qualitative Measures to Select Outsourced Fund Managers. Asset Management Review, 5(2), 1-20. doi: 10.23007/amr.2017.5.2.1

Young Kyu Park; Mun-Kyung Cheong; Inwook Song. How to Improve the Oursouced Fund Managers' Performance: A Study on Quatitative and Qualitative Measures to Select Outsourced Fund Managers. Asset Management Review. 2017; 5(2) 1-20. doi: 10.23007/amr.2017.5.2.1

Young Kyu Park, Mun-Kyung Cheong, Inwook Song. How to Improve the Oursouced Fund Managers' Performance: A Study on Quatitative and Qualitative Measures to Select Outsourced Fund Managers. 2017; 5(2), 1-20. Available from: doi:10.23007/amr.2017.5.2.1

Young Kyu Park, Mun-Kyung Cheong and Inwook Song. "How to Improve the Oursouced Fund Managers' Performance: A Study on Quatitative and Qualitative Measures to Select Outsourced Fund Managers" Asset Management Review 5, no.2 (2017) : 1-20.doi: 10.23007/amr.2017.5.2.1