The goal of this project is to determine whether retirement funds are being overexposed to Beta risk by regressing returns to major funds from three investment management groups (Fidelity, TIAA-CREF, and Vanguard) against economic systematic risk factors. These assets management firms are a few of the largest firms in the U.S. and manage trillions of dollars in assets. These large firms are assumed to be doing their jobs, but this paper will expose whether or not that is true. Eventually, this will uncover whether active managers are doing their job and whether or not management fees are justified. By doing this, we will discover how responsibly your money is being managed for the future.

• This report represents the work of one or more WPI undergraduate students submitted to the faculty as evidence of completion of a degree requirement. WPI routinely publishes these reports on its website without editorial or peer review.

Creator

• Arnold, Jacob Tyler

Publisher

• Worcester Polytechnic Institute

Identifier

• E-project-063016-155641

Advisor

• Koutmos, Dimitrios

Year

• 2016

Date created

• 2016-06-30

Resource type

• Major Qualifying Project

Major

• Management Engineering

Rights statement

• In Copyright