"Want Better Hedge Fund Returns? Try One Led by a Woman"

Submitted by Mastodon on Thu, 2014-01-16 02:15

Article here. Excerpt:

'In the world of hedge funds, a relative few have a woman at the helm. And yet, these funds may be the standouts from the bunch, a new report argues.

In the years since the financial crisis, hedge funds managed by women performed better than a broader index that reflects the performance of the industry, according to a report released on Wednesday by the professional services firm Rothstein Kass. The report seeks to show that this “alpha” – superior returns, in Wall Street speak – is no mere fluke.

“There is meaningful alpha to be gained from investing in women-owned and -managed funds,” Meredith Jones, a director at Rothstein Kass who wrote the report, said in an interview. “There appear to be both behavioral and biological factors that impact women’s ability to manage money and make them consistent.”'

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“There appear to be both behavioral and biological factors that impact women’s ability to think logically, placing them at a substantial disadvantage as compared to men when going to solve problems requiring careful analysis, attention to detail, and steady and consistent attention to quality of outcomes. For this reason, women should not be permitted to work in any profession requiring these traits, including law, medicine, and any type of scientific or engineering field. Simply put, their constitutions are unsuited to such endeavors, and keeping them from the stress of trying to do things that naturally do not befit them is in fact doing them a favor."

Try that one on, Meredith.

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Submitted by Matt on Thu, 2014-01-16 05:44