Monday, 20 October 2014
Last updated 3 hours ago
Nov 20 2013 | 12:47pm ET
The evidence for the superiority of female hedge fund managers is growing.
Another study of sex-based performance finds that women outperform their male peers in the alternative investments industry. The latest, from Rothstein Kass, shows that in the five years ending last September, an index of 67 woman-owned funds beat the broader HFRX Global Hedge Fund Index by a wide margin. The women's index returned 3.6% over the period, while the broader index lost 3%.
The reason? Women take less risk and hold on to their investments longer.
"Women take lower risks because they do more research and are more comfortable holding their securities longer," Camille Asaro, a former Rothstein Kass principal now with KPMG. But, she added, "it's not necessarily a gender thing. You always have to make sure that the manager is right for your strategy."
Despite the better performance, women still make up only a tiny fraction of hedge fund managers—3.3%, according to Barclays.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...