Fund managers with professional experience outside the financial sector might have an advantage when it comes to evaluating stocks from their original industry. Our colleague Dr. Marc-André Göricke has empirically tested this hypothesis together with other researchers. They find that such managers overweigh their "home industries" and achieve significantly higher returns there. The article was published in 2018 in the US top journal "Review of Financial Studies". The working paper can be found below.
Please feel free to call or write us and we will get back to you in a timely manner.