摘 要
近年來國人資產管理需求逐漸成長，共同基金這產業也隨之蓬勃發展，然而基金績效與受益人的期望報酬卻出現代理問題，該如何縮小此一問題，挑選適合自身所能承受風險並具有一定報酬率之共同基金，日益受到投資大眾所重視。
根據相關文獻探討，以往對基金經理人與基金績效之研究多著重於績效評估，對其他影響基金經理人的因素，如基金經理人人格特質及經營層的決策者對基金經理人的投資策略形成較少考量。
本文旨在探討基金經理人面對與受益人間的代理問題，其人格特質、投信公司決策者、研究團隊等如何影響操作績效。以質化方法訪談國內基金經理人、決策者、研究團隊，蒐集分析訪談資料。本研究結果，可以提供投資大眾在決定投資基金時以及投信業者制定管理制度時作為參考依據。
本論文研究結果發現：
一、不同的基金經理人人格特質間接影響績效，而強烈成就動機直接影響基金績效。
二、良善的基金經理人績效評估制度，有助提升基金管理及績效的品質，形成良性循環，縮小代理問題。

The demand of assets management gradually expanded in recent years, mutual funds industry also flourish, however, funds performance and expectations of beneficiaries agency problems have occurred, how to reduce this problem, withstand the risk and have some common base return rate of the mutual funds, enriching the investing public attention.
According to the discussion on the related literature, prior to the Fund Manager and fund research focused on performance evaluation of performance, other factors affecting the fund managers, such as personality traits of fund managers and business decision makers on the formation of investment policy of fund managers less considered.
Discussion on this article is intended to fund managers and beneficiaries of agency issues, personality traits, investment trust company’s CEO, research teams how to affect the investment performance.
Interviewing fund managers, CEO, research team to collect analysis of information. Results of this study , can provide beneficiaries deciding on the investment strategy of mutual funds and investment trust industry management system as a study of the basis.
In these studies found two results.
First, different personality traits indirectly affect the performance of fund managers, and achievement motivation of strong direct impact on fund performance.
Second, a good fund managers performance evaluation system, have helped to improve the quality of fund management and performance, forming a virtuous circle reduce the agency problem.

Keywords: personality traits, agency problems, fund performance, investment trust management system.

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