本研究主要探討基金經理人學歷和資歷對於基金績效之影響，也探討基金經理人學歷與資歷如何影響他們的交易風格、管理費用以及資金流入的情況。實證結果顯示，基金經理人的學歷與資歷對其交易風格和收取的管理費用有顯著的影響。此外，具有較高資歷或持有常春藤聯盟MBA學位的基金經理人，其管理的基金績效通常較其他背景的經理人更為優異，但投資者卻未將資金流入至這些經理人所管理的基金中。

This study primarily investigates the effect of manager’s education and experience on fund performance. Additionally, we examine how these characteristics influence managers’ trading style, fund flow, and management fees. Our findings indicate that manager’s education and experience are related to their trading style and management fee. Although managers with longer experience in the fund industry or an MBA degree from Ivy League institutions demonstrate a positive relationship with fund performance, we find that investors do not allocate their capital to the funds managed by these managers.

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