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"Clearly, money is chasing performance".
"I'm a little concerned that investors may be chasing performance," Mr. Dickson said.
So, it seems that investors, whether they're individual or institutional, have this perverse predilection to chasing performance.
Hedge-fund investors, though supposedly more sophisticated than your average Joe, pay a similar price for chasing performance.
Chasing performance by paying higher fees might work for individual investors, but in aggregate it is doomed to fail.
"I worry that people are desperate for yield and are chasing performance," said Tom Roseen, a senior analyst at Lipper.
Similar(43)
Average investors chase performance, putting in money after the great years.
This year, it seems even more important than usual not to chase performance.
Cheetah and African wild dogs differ in the pre-chase phase as well as in their chase performance.
To make matters worse, the raw numbers for 2011 probably understate how badly ordinary investors fared, because they don't account for our tendency to chase performance.
More so than in diversified funds, people in single-country offerings may chase performance, buying as markets peak and riding the shares downward to losses, he said.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com