{"id":267152,"date":"2010-02-02T14:15:00","date_gmt":"2010-02-02T19:15:00","guid":{"rendered":"e2249889-c78b-43e3-9643-b1d7d4aa587b:390321"},"modified":"2010-02-02T14:15:00","modified_gmt":"2010-02-02T19:15:00","slug":"money-manager-credentials-and-the-impact-on-risk","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/267152","title":{"rendered":"Money manager credentials and the impact on risk"},"content":{"rendered":"<p>You may want to take a new look at the initials that come after your fund manager\u2019s name. They can affect the level of risk in your portfolio.<\/p>\n<p>A <a href=\"http:\/\/papers.ssrn.com\/sol3\/papers.cfm?abstract_id=1458219\" >new study<\/a> by Oguzhan Dincer of Illinois State University, Russell Gregory-Allen of Massey University and Hany Shawky of SUNY Albany looks at whether money managers who have achieved the prestigious Chartered Financial Analyst designation or earned an MBA do better than managers without those<br \/>credentials.<\/p>\n<p>The study finds that neither designation does much to boost performance. Managers with the credentials perform no better or worse than managers<br \/>without them.<\/p>\n<p>But there does seem to be an effect on risk. Managers who hold the CFA charter consistently build lower risk portfolios than managers with MBAs. This result is surprising and may have something to do with the ethics instruction that is part of the CFA course but not most MBA programs.<\/p>\n<p>\u201cIt suggests that business schools are teaching MBAs to enhance risk,\u201d the authors conclude. \u201cAlthough MBAs and CFAs learn the same material, from the<br \/>same books (and often the same teachers), with the high ethical standards that are embodied in the CFA designation, perhaps they are less likely to<br \/>take the path of maximizing bonus without respect for the portfolio investors.\u201d<\/p>\n<p><i>Freelance business journalist Ian McGugan blogs for the Financial Post. <\/i><br \/><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/network.nationalpost.com\/np\/aggbug.aspx?PostID=390321\" width=\"1\" height=\"1\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>You may want to take a new look at the initials that come after your fund manager\u2019s name. They can affect the level of risk in your portfolio. A new study by Oguzhan Dincer of Illinois State University, Russell Gregory-Allen of Massey University and Hany Shawky of SUNY Albany looks at whether money managers who [&hellip;]<\/p>\n","protected":false},"author":4060,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-267152","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/267152","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/4060"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=267152"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/267152\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=267152"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=267152"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=267152"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}