LEADER 04255nam 22007215 450 001 9911049159003321 005 20260102120744.0 010 $a3-032-08545-4 024 7 $a10.1007/978-3-032-08545-0 035 $a(CKB)44769978700041 035 $a(MiAaPQ)EBC32470932 035 $a(Au-PeEL)EBL32470932 035 $a(DE-He213)978-3-032-08545-0 035 $a(EXLCZ)9944769978700041 100 $a20260102d2025 u| 0 101 0 $aeng 135 $aur||||||||||| 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 10$aExploring Fund Management Expertise /$fedited by Fredrik Nilsson 205 $a1st ed. 2025. 210 1$aCham :$cSpringer Nature Switzerland :$cImprint: Springer,$d2025. 215 $a1 online resource (206 pages) 225 1 $aContributions to Finance and Accounting,$x2730-6046 311 08$a3-032-08544-6 327 $aChapter 1. Expertise in fund management (Fredrik Nilsson) -- Chapter 2. Performance and fund managers? expertise (Martin Abrahamson) -- Chapter 3. Searching for expert fund managers (Martin Abrahamson) -- Chapter 4. Judgments and decisions by expert fund managers (Martin Abrahamson) -- Chapter 5. Individual foresight and fund management expertise (Melissa Innes) -- Chapter 6. Artificial intelligence in discretionary fund management (Haojun Hu) -- Chapter 7. Integrating ESG information in active fund management (Katarzyna Cieslak) -- Chapter 8. Analysing fund managers? accountability (Frank Hartmann) -- Chapter 9. Does expertise matter? Concluding reflections (Fredrik Nilsson). 330 $aThis book offers novel insights into how expert fund managers?those who demonstrate superior performance over the long term?make their judgments and decisions. It is often claimed that actively managed funds create value for investors by making more informed decisions. The general idea is that experts make judgments and decisions that will outperform passively managed funds, i.e., the market. Although such claims seem reasonable, many actively managed funds do not consistently beat the market. Additionally, it is argued that the fees charged by actively managed funds are too high relative to the value they provide. However, some assert that certain fund managers do outperform the market in the long term. Regardless of the position one takes, there is a clear need to critically examine and discuss the concept of fund management expertise. The book also explores how recent and significant societal developments, such as sustainability, artificial intelligence, and multiple accountabilities, are shaping the nature of expertise today and how it might evolve in the future. The book draws on both earlier research on expertise and recent publications related to business and accounting, as well as insights from new empirical studies. It appeals to both scholars and professionals in finance wanting to learn about capital markets and fund management. 410 0$aContributions to Finance and Accounting,$x2730-6046 606 $aCapital market 606 $aFinancial risk management 606 $aEconomics$xPsychological aspects 606 $aBusiness information services 606 $aFinancial services industry 606 $aInternational finance 606 $aCapital Markets 606 $aRisk Management 606 $aBehavioral Finance 606 $aIT in Business 606 $aFinancial Services 606 $aInternational Finance 615 0$aCapital market. 615 0$aFinancial risk management. 615 0$aEconomics$xPsychological aspects. 615 0$aBusiness information services. 615 0$aFinancial services industry. 615 0$aInternational finance. 615 14$aCapital Markets. 615 24$aRisk Management. 615 24$aBehavioral Finance. 615 24$aIT in Business. 615 24$aFinancial Services. 615 24$aInternational Finance. 676 $a332.0415 700 $aNilsson$b Fredrik 701 $aNilsson$b Harry$01891307 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9911049159003321 996 $aExploring Fund Management Expertise$94534210 997 $aUNINA