Resumen de How risk averse are fund managers?: Evidence from Irish mutual funds

Thomas Flavin

• Employing a mean-variance framework and a multivariate GARCH model, the degree of risk aversion exhibited by Irish fund managers is estimated. Managers whose remit is �aggressive� or �balanced� management of their portfolios have coefficients lying between 1.69�2.42 and 3.24�3.69 respectively.