Securities Investment Fund Manager Characteristics And Fund Performance Relationship

The paper is trying to research the investment fund in a new way. In this paper, we analysis the relationship between fund manager's characteristics and performance from the investors' angle, and I wish my research could contribute a bit to the investors. China's security funds and fund managers are chosen to be the research targets in this paper, also we presents an introduction of history and development of world and China fund industry, including the born of fund in the world, the category of the funds and the construct of the investment fund company.With the research on factors influencing bond investment fund achievement, this text analyzes the relation between fund achievement and fund manager. By researching the manager's market situation and their personal characteristics, we find the fund manager's personal characteristics which affect the fund achievement. After that, this text adopts quantitative analysis method and builds a model to carry on the related coefficient analysis and regression analysis respectively. Finally, we have a further research on the relationship by applying behavioral finance theory; the behavioral finance is a theory which focuses on the study investors' error and the abnormal of market arising by psychological factors. The paper remind investors that besides the traditional finance, behavioral finance also should be consider when they choosing their fund manager.