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  本文關(guān)鍵詞：陽(yáng)光私募基金經(jīng)理的個(gè)人特征與基金業(yè)績(jī)關(guān)系研究　出處：《暨南大學(xué)》2013年碩士論文　論文類型：學(xué)位論文

  更多相關(guān)文章： 陽(yáng)光私募基金 基金業(yè)績(jī) 基金經(jīng)理 個(gè)人特征

【摘要】：陽(yáng)光私募基金，作為私募證券投資基金的一種，誕生于2004年，至今已有9年的發(fā)展時(shí)間，其依托信托平臺(tái)發(fā)行，是一種正規(guī)、合法化的私募基金。由于陽(yáng)光私募基金發(fā)展時(shí)間較短，信息披露不完善等原因，所以以往學(xué)者們主要進(jìn)行公募基金業(yè)績(jī)與基金經(jīng)理個(gè)人特征的相關(guān)性研究，而對(duì)于陽(yáng)光私募基金業(yè)績(jī)與基金經(jīng)理個(gè)人特征關(guān)系的研究較少。然而，不同的陽(yáng)光私募基金經(jīng)理管理的陽(yáng)光私募基金業(yè)績(jī)表現(xiàn)差異很大。投資者是否可以根據(jù)基金經(jīng)理的某些個(gè)人外在特征，來為自己選擇基金提供參考呢？本文對(duì)此展開了深入的分析。 通過整理國(guó)內(nèi)外基金業(yè)績(jī)與基金經(jīng)理個(gè)人特征關(guān)系的研究成果，結(jié)合我國(guó)陽(yáng)光私募基金發(fā)展的特點(diǎn)，筆者利用最近兩年143位陽(yáng)光私募基金經(jīng)理個(gè)人特征及其管理的基金業(yè)績(jī)進(jìn)行研究。文章采用OLS方法對(duì)收集到的相關(guān)基金月度收益數(shù)據(jù)和各基金經(jīng)理的個(gè)人特征變量進(jìn)行回歸分析，并對(duì)實(shí)證結(jié)果進(jìn)行了穩(wěn)健性檢驗(yàn)。通過實(shí)證分析得到：從業(yè)經(jīng)驗(yàn)越豐富、管理基金數(shù)越多的陽(yáng)光私募基金經(jīng)理，，越容易取得較好的業(yè)績(jī)回報(bào)；在陽(yáng)光私募基金管理中，學(xué)歷高的基金經(jīng)理不一定業(yè)績(jī)更好，碩士或博士基金經(jīng)理的業(yè)績(jī)甚至不如本科及以下學(xué)歷的基金經(jīng)理；理工和財(cái)經(jīng)雙專業(yè)背景和畢業(yè)學(xué)校排名，有助于幫助基金經(jīng)理獲得更好的業(yè)績(jī)報(bào)酬。
[Abstract]:Sunshine private equity fund, as a kind of private equity investment fund, was born in 2004 and has been developed for 9 years. Legalized private equity funds. Due to the short development time of sunshine private equity funds, information disclosure is not perfect and other reasons, so the previous scholars mainly conducted the performance of public offering funds and the personal characteristics of fund managers. However, there is little research on the relationship between the performance of Sunshine Private funds and the personal characteristics of fund managers. The performance of different sunshine private equity fund managers is very different. Can investors provide reference for their selection of funds according to some external characteristics of fund managers? This article has carried on the thorough analysis to this. Through collating the research results of the relationship between fund performance and individual characteristics of fund managers at home and abroad, combined with the characteristics of the development of sunshine private equity funds in China. Based on the personal characteristics of 143 sunshine private fund managers and their fund performance in the last two years, this paper uses OLS method to analyze the monthly income data of relevant funds and the number of fund managers. The regression analysis of human characteristic variables was carried out. Through the empirical analysis, it is concluded that: the more experienced the management of the fund, the more sunshine private equity managers, the easier to achieve better performance returns; In the management of sunshine private equity fund, the fund manager with high education is not necessarily better, the performance of the master or doctor fund manager is not even better than that of the fund manager with undergraduate degree or below; Both technical and financial backgrounds and graduation school rankings help fund managers get better performance pay.
【學(xué)位授予單位】：暨南大學(xué)
【學(xué)位級(jí)別】：碩士
【學(xué)位授予年份】：2013
【分類號(hào)】：F832.5

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