@incollection{,
	
					
					
					AE597E6A7800FF8B231A5308BE76A6A1
				,
	author={{Rodrigo FernandesMalaquias} and {Universidade Federal de UberlAndia}},
	journal={{Global Journal of Management and Business Research}},
	journal={{GJMBR}}2249-45880975-585310.34257/GJMBR,
	address={Cambridge, United States},
	publisher={Global Journals Organisation}1693135
}

@book{b0,
	
	
		,
	title={{Multi-Period Performance Persistence Analysis of Hedge Funds. The Journalof Financial and Quantitative Analysis}}
		,
	author={{
			VAgarwal
		} and {
			NYNaik
		}}
		
		
			,
	year={2000}
			35
			
		
	

}

@book{b1,
	
	
		,
	title={{Brasileira das Entidades dos Mercados Financeiro e de Capitais [Brazilian Financial and Capital MarketsAssociation]. Indústria de Fundos de investimento: Anuário}}
		,
	author={{
			Anbima -Associação
		}}
		
		
			,
	year={2015. December 12. 2015}
		
	
	,
	note={Brazilian Mutual FundIndustry 2015 -Yearbook}

}

@incollection{b2,
	
	
		,
	title={{The performance of US equity mutual funds}}
		,
	author={{
			VBabalos
		} and {
			ECMamatzakis
		} and {
			RMatousek
		}}
		
		
	
	
		,
	journal={{Journal of Banking & Finance}}
		
			52
			
			,
	year={2015}
		
	

}

@incollection{b3,
	
	
		,
	title={{Improved inference in the evaluation of mutual fund performance using panel bootstrap methods}}
		,
	author={{
			DBlake
		} and {
			TCaulfield
		} and {
			CIoannidis
		} and {
			ITonks
		}}
		
		
		
	
	
		,
	journal={{Journal of Econometrics}}
		
			183
			2
			
			,
	year={2014}
		
	

}

@incollection{b4,
	
	
		,
	title={{Comparação do desempenho dos fundos de ações ativos e passivos}}
		,
	author={{
			BRCastro
		} and {
			AM A FMinardi
		}}
		
	
	
		,
	journal={{Revista Brasileira de Finanças}}
		
			7
			2
			
			,
	year={2009}
		
	

}

@incollection{b5,
	
	
		,
	title={{Does fund size erode mutual fund performance? The role of liquidity and organization}}
		,
	author={{
			JChen
		} and {
			HHong
		} and {
			MHuang
		} and {
			JDKubik
		}}
		
		
		
	
	
		,
	journal={{The American Economic Review}}
		
			94
			5
			
			,
	year={2004}
		
	

}

@incollection{b6,
	
	
		,
	title={{On the concentration of mutual fund portfolio holdings: Evidence from Taiwan}}
		,
	author={{
			XChen
		} and {
			YJLai
		}}
		
	
	
		,
	journal={{Research in International Business and Finance}}
		
			33
			
			,
	year={2015}
		
	

}

@incollection{b7,
	
	
		,
	title={{O Efeito Smart Money na Indústria Brasileira de Fundos de Ações}}
		,
	author={{
			LT LCosta
		} and {
			WEidJr
		}}
		
	
	
		,
	journal={{Anais do Encontro da Associação Nacional de Pós-Graduação e Pesquisa em Administração}}
		
			31
			,
	year={2006}
		
	

}

@incollection{b8,
	
	
		,
	title={{Equity funds in emerging Asia: Does size matter}}
		,
	author={{
			HDing
		} and {
			HZheng
		} and {
			CZhu
		}}
		
		
	
	
		,
	journal={{International Review of Economics & Finance}}
		
			35
			
			,
	year={2015}
		
	

}

@book{b9,
	
	
		,
	author={{
			EidJunior
		} and {
			WRochman
		} and {
			RR
		}}
		
		
		
		,
	title={{Fundos de Investimento no Brasil: desafios e oportunidades [Investment Funds in Brazil: Chalanges and Opportunities}}
				
			,
	year={2015. 2015. December 12. 2015}
		
	

}

@incollection{b10,
	
	
		,
	title={{Efficient capital markets: a review of theory and empirical work}}
		,
	author={{
			EFFama
		}}
	
	
		,
	journal={{Journal of Finance}}
		
			25
			2
			
			,
	year={1970}
		
	

}

@incollection{b11,
	
	
		,
	title={{O efeito Smart Money no segmento de fundos multimercados}}
		,
	author={{
			SCFonseca
		} and {
			RFMalaquias
		}}
		
	
	
		,
	journal={{Finanças e Contabilidade}}
		
			2
			3
			
			,
	year={2012}
		
	
	,
	note={Revista de Gestão}

}

@incollection{b12,
	
	
		,
	title={{How smart is money? An investigation into investor behaviour in the Australian managed fund industry}}
		,
	author={{
			PGharghori
		} and {
			SMudumba
		} and {
			MVeeraraghavan
		}}
		
		
	
	
		,
	journal={{Pacific-Basin Finance Journal}}
		
			15
			5
			
			,
	year={2009}
		
	

}

@incollection{b13,
	
	
		,
	title={{Another Puzzle: The growth in actively managed mutual funds}}
		,
	author={{
			MJGruber
		}}
	
	
		,
	journal={{Journal of Finance}}
		
			51
			3
			
			,
	year={1996}
		
	

}

@incollection{b14,
	
	
		,
	title={{Mutual fund performance: an analysis of quarterly portfolio holdings}}
		,
	author={{
			MGrinblatt
		} and {
			STitman
		}}
		
	
	
		,
	journal={{The Journal of Business}}
		
			62
			3
			
			,
	year={1989}
		
	

}

@incollection{b15,
	
	
		,
	title={{Time-changing alpha? The case of Australian international mutual funds}}
		,
	author={{
			RHeaney
		} and {
			THallahan
		} and {
			TJosev
		} and {
			HMitchell
		}}
		
		
		
	
	
		,
	journal={{Australian Journal of Management}}
		
			32
			1
			
			,
	year={2007}
		
	

}

@incollection{b16,
	
	
		,
	title={{Mutual fund performance: does fund size matter?}}
		,
	author={{
			DCIndro
		} and {
			CXJiang
		} and {
			MYHu
		} and {
			WYLee
		}}
		
		
		
	
	
		,
	journal={{Financial AnalystsJournal}}
		
			55
			3
			
			,
	year={1999}
		
	

}

@incollection{b17,
	
	
		,
	title={{Eficiência de Mercado e Desempenho de Fundos Multimercados}}
		,
	author={{
			RFMalaquias
		} and {
			WEidJr
		}}
		
	
	
		,
	journal={{Revista Brasileira de Finanças}}
		
			11
			1
			
			,
	year={2013}
		
	

}

@incollection{b18,
	
	
		,
	title={{Fundos Multimercados: Desempenho, Determinantes do Desempenho e Efeito Moderador}}
		,
	author={{
			RFMalaquias
		} and {
			WEidJr
		}}
		
	
	
		,
	journal={{Revista de Administração Mackenzie}}
		
			15
			4
			
			,
	year={2014}
		
	

}

@incollection{b19,
	
	
		,
	title={{O Efeito Smart Money em Períodos de Crise Financeira}}
		,
	author={{
			FF OMalaquias
		} and {
			RFMalaquias
		} and {
			FESouza
		} and {
			SP NMamede
		} and {
			AC LOliveira
		}}
		
		
		
		
	
	
		,
	journal={{Revista Ambiente Contábil}}
		
			8
			1
			
			,
	year={2016}
		
	

}

@book{b20,
	
	
		,
	title={{}}
		,
	author={{
			RFMalaquias
		} and {
			SD P NMamede
		}}
		
		
			,
	year={2015}
		
	

}

@incollection{b21,
	
	
		,
	title={{Efeito Calendário e Finanças Comportamentais no Segmento de Fundos Multimercados}}
	
	
		,
	journal={{Revista de Administração Contemporânea-RAC}}
		
			19
			specialissue
			
		
	

}

@incollection{b22,
	
	
		,
	title={{Elevada Rotatividade de Carteiras e o Desempenho dos Fundos de Investimento em Ações}}
		,
	author={{
			PL A BMilan
		} and {
			WEidJr
		}}
		
	
	
		,
	journal={{Revista Brasileira de Finanças}}
		
			12
			4
			
			,
	year={2014}
		
	

}

@incollection{b23,
	
	
		,
	title={{Tamanho e rentabilidade dos fundos brasileiros de investimento em ações}}
		,
	author={{
			BMilani
		} and {
			PSCeretta
		}}
		
	
	
		,
	journal={{Revistaalcance}}
		
			19
			4
			
			,
	year={2012}
		
	

}

@incollection{b24,
	
	
		,
	title={{Fund size and returns on the JSE}}
		,
	author={{
			NPillay
		} and {
			CMuller
		} and {
			MWard
		}}
		
		
	
	
		,
	journal={{Investment Analysts Journal}}
		
			39
			71
			
			,
	year={2010}
		
	

}

@incollection{b25,
	
	
		,
	title={{Size and performance of Chinese mutual funds: The role of economy of scale and liquidity}}
		,
	author={{
			KTang
		} and {
			WWang
		} and {
			RXu
		}}
		
		
	
	
		,
	journal={{Pacific-Basin Finance Journal}}
		
			20
			2
			
			,
	year={2012}
		
	

}

@book{b26,
	
	
		,
	title={{Anais do Encontro da Associação Nacional de Pós-Graduação e Pesquisa em Administração}}
		,
	author={{
			GVarga
		}}
		
			,
	year={2012}
			35
			,
	address={Rio de Janeiro, RJ, Brazil}
		
	
	,
	note={Mutual Fund Flow and Past Information: Is the Brazilian Investor Smart}

}

@book{b27,
	
	
		,
	title={{Is money really "smart"? New evidence on the relation between mutual fund flows, manager behavior, and performance persistence. Working paper}}
		,
	author={{
			RWermers
		}}
		
			,
	year={2003}
		
		
			University of Maryland
		
	

}