Study on the relationship between the fund managers' characteristic and fund performance

The purpose of this study is to explore the relationship between fund managers' characteristic and fund performance in China. It does an empirical research with the method of OLS, according to the data of the stock and the mixed type open-ended securities investment funds, which operates more than one year by the end of 2009. The study results shows that: Tenure, age, certifications of CFA \ FRM \ CPA, fund managers origin from fund managers and fund managers assistants significantly positively related to the fund performance of profitability; While, the experience of securities, MBA (EMBA) degree as well as team size of fund managers significantly negatively related to the fund performance of profitability, other variables' influence aren't significant. Meanwhile, the personal characteristics of fund managers don't affect the fund risk.