"Woman-Run Hedge Funds Perform Better"

Article here. Excerpt:

'Evidence of intra-firm gender discrimination in the assignment of tasks and irrational aversion to appointing women to boards of directors is fascinating to me not only because sexism is an important issue, but because there's a very clear and simple theoretical argument that this kind of widespread gender discrimination can't exist. In a well-functioning competitive marketplace, firms that don't discriminate will outperform those that do. And yet it's obvious that systematic implicit discrimination against women is in fact widespread. So it should come as new surprise that the latest reports show that the small minority of hedge funds run by women outperform the (dismal) industry average.'