Delegated portfolio management and diversification

被引：0

作者：

Christensen, Michael ^{[1
]}

Christensen, Michael Vangsgaard ^{[2
]}

Gamskjaer, Ken ^{[3
]}

机构：

[1] Aarhus Univ, Sch Business & Social Sci, Dept Econ & Business, Aarhus V, Denmark

[2] AROS Capital Partners ApS, Aarhus C, Denmark

[3] Hemonto AS, Aarhus C, Denmark

来源：

APPLIED ECONOMICS LETTERS | 2016年 / 23卷 / 04期

关键词：

Delegated portfolio management; portfolio management; risk diversification;

D O I：

10.1080/13504851.2015.1068915

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This article analyses the potential diversification benefits available to high-net-worth investors utilizing multiple portfolio managers. We show that enlisting seven actively managed portfolios from multiple portfolio managers generate significant benefits in terms of risk reduction, and, interestingly, diversification benefits are shown to be larger for low-risk portfolios compared to high-risk portfolios.

引用

页码：255 / 258

页数：4

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