The Empirical Study On The Relationship Between Fund Managers' Charecteristics And The Funds' Performance-based On Sharpe Ratio

With the gradual development and maturity of China's capital market,as a relatively new type of collective investment vehicles,securities investment funds have become one of the very fast growing sub-sectors in the financial industry and become an indispensable part of the financial investment field important investment vehicle.The resulting research on issues related to the performance of the fund is also continuing to deepen.At present,the research on fund performance in our country mostly establishes the related performance evaluation system through qualitative and quantitative methods.The research on the personal characteristics of fund managers as the main perspective has not been conducted yet.As the fund's main operators and managers,There is no doubt about the performance of the fund performance.Therefore,this paper takes the fund manager as the main research object,focusing on the relationship between personal characteristics and the performance of the fund,hoping to make some contribution to these fields.This article uses empirical research and analysis methods to examine the seven personal characteristics(including gender,education level,time of securities practice,professional qualification certificate,whether or not you have a “sea return” experience,whether you have a researcher experience,and management The number of years of the fund)is related to the performance of the fund that it is responsible for.The results of the study show that fund managers with highly educated and professionally qualified certificates will have significantly higher fund performance than other fund managers.The correlation coefficient of gender,researcher experience,and management fund age are positive but not significant.The correlation between the “returnees” experience and the time spent on securities and fund performance is negative,but not significant.At the same time,this paper also comprehensively considers the relationship between the fund manager's personal characteristics and performance rankings,and the continuity of the fund's performance.The results show that the “sea return” experience,researcher experience,securities business hours,and education level are negatively correlated with the performance rankings.The other variables are all positively correlated.The performance of China's funds and fund managers is short-lived.