US mutual fund performance studies


 * Jensen, Michael C., The Performance of Mutual Funds in the Period 1945-1964 (May 1, 1967). Journal of Finance, Vol. 23, No. 2, pp. 389-416, 1967. Available at SSRN: or http://dx.doi.org/10.2139/ssrn.244153
 * Lehmann, Bruce N. and Modest, David, Mutual Fund Performance Evaluation:a Comparison of Benchmarks and Benchmark Comparisons (August 1987). NBER Working Paper No. w1721. Available at SSRN: http://ssrn.com/abstract=338791