Investment Management and Mismanagement: History, Findings, and Analysis
will present the reader with: (1) a brief overview of portfolio
management and its historical evolution, (2) the findings of a
substantial amount of academic research into the performance of
portfolio managers, (3) the various issues associated with both
institutional and individual portfolio mismanagement, and (4) a
treatment of the areas of suitability and churning The articles
referenced are primarily works from academic journals, including: The
Journal of Finance, Journal of Financial Economics, and others, as well
as from practitioner-oriented venues, such as Financial Analyst Journal
and various law journals. This work should be of value to academic
researchers as a convenient source of summarized studies in these areas,
while practitioners will find value its content as an efficient
reference for determining the benefits of asset management as well as
potential pitfalls.