Managerial Risk Assessment and Fund Performance - Evidence from Textual Disclosure

Explore a GERAD Research Center seminar on fund managers' risk assessment abilities and their impact on portfolio performance. Delve into a study that employs advanced deep learning techniques to analyze narrative discussions, revealing how managers' risk perceptions influence their portfolio decisions. Discover the relationship between cautious risk assessments and superior risk-adjusted returns, and examine the differential responses of sophisticated and retail investors to these narrative-based risk measures. Gain insights into the implications of managerial risk evaluation for portfolio management, trading skills, and investor behavior in this hour-long presentation by Alan Zhang from Florida International University.

Managerial Risk Assessment and Fund Performance: Evidence from Textual Disclosure, Alan Zhang