Baquero, G.

return performance investor quarter style model period cash flows persistence money money flows investment table manager decile result streak estimate management look-ahead bias asset number portfolio sample horizon incentive growth winner impact growth rates fund investors panel dummy value report dollar capital probability strategy effect market liquidation response pattern variable loser measure decision look-ahead indices incentive fee outflow dollar flows study investment styles industry journal growth rate inflow csfb /tremont indices fund industry 0.00 observation figure percentage future survival evidence restriction chapter index liquidity restrictions length section style-adjusted returns investment style style-adjusted information ter horst allocation