Social Networks And Fund Manager Performance And Fund Income Research

The analysis of traditional fund performance influencing factors is mainly from the fund manager’s personal characteristics exploring the relationship between the qualifications,service time,age and fund performance.Apart from the personal characteristics of fund managers that affect the performance of funds,the social network affects the trading of funds as an important channel for information dissemination.This thesis studies the influence of fund managers’ social network on fund performance from the perspective of social network.It mainly takes open partial equity fund managers as the research object to construct the social network based on the relations between colleague networks,alumni relations and associated shareholding relationships.The paper analyzes the relevant social network,calculates the performance of sample fund managers and explores the relationship between fund managers’ social networks and their performance.The results of the study show that when fund managers are connected based on alumni relationships,the information channels increase and the performance of fund managers increases.But when it exceeds a certain level,too many alumni contacts will generate redundant information,and performance will decline.Even among competing fund managers,there is information transfer and a positive effect on performance.In addition,based on the associated shareholding network,when the source of information between funds increases,the performance of the fund will also improve.Fund performance and information ratios increase as the efficiency of information transfer increases as a result of the relationship between the associated holdings.Studying the relationship between fund managers’ social networks and fund performance helps to understand the trading situation of open-ended fund funds and understand the impact of information exchange process among fund managers on fund performance.So the financial regulator could develop policies that accord with realistic market situation.And the investors could take a more reasonable portfolio.