Does fund manager tenure matter?
What type of fund manager do you like? --Long-tenure or short-tenure fund manager?
First, let's specify the definition of "long-tenure" and "short-tenure". We use a range of zero to three years to define "short tenure", and six years and greater to define the "long tenure".
First, let's specify the definition of "long-tenure" and "short-tenure". We use a range of zero to three years to define "short tenure", and six years and greater to define the "long tenure".
Why does this reversal happen? The answer is that short-tenure managers are trading much more often than long-tenure managers. For investors, more trading means a much larger tax bill at the end of the day.
![Does fund manager tenure matter?](https://ussnsimg.moomoo.com/4061403407467581111.png/bigmoo)
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102564541 : Long.
Winner01 :![undefined [undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)
Winner01 : like
Koolgal : Long term tenure will win hands down
102877586 : up
MoMa Doge : Like
Dartist : wow
roem muhammad : Super long![100 💯](https://static.moomoo.com/nnq/emoji/static/image/img-apple-64/1f4af.png)
![money_mouth_face 🤑](https://static.moomoo.com/nnq/emoji/static/image/img-apple-64/1f911.png)
Tuyea : Time is the winning factor
Happybee7158 : Short term should be good.
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