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Funds with ex-military managers receive significantly higher flows and grow by 14.4% faster relative to other funds. These fund managers do not have more education
Funds with ex-military managers receive significantly higher flows and grow by 14.4% faster relative to other funds. These fund managers do not have more education or experience in investment management than other fund managers with non-military backgrounds.
This can be explained by
a. The importance of trust in financial markets.
b. The Efficient Market Hypothesis. or
c. None of the options provided.
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