Woman, Minority Run Hedge Fund Aims For Diversity

Mar 17 2008 | 1:04am ET

Woman-run hedge fund firm Hagin Investment Management has added Nathan Lee to its portfolio and risk management team. 

The new addition makes the New York-based quantitative hedge fund one of only a handful in the industry that has a portfolio management team solely comprised of a woman and a minority.

Reuters recently estimated that of the 9,000 hedge fund firms worldwide, only about 100 are run or owned by women and minorities. Since 2003, these managers have outperformed their peers by 3.5% annually, net of fees, according to the HFRX Diversity Index.

"We find that having a diverse management team offers a more nuanced interpretation of the market," said Patrick Morris, partner, "and are happy to welcome Nathan to the team."

Lee previously held positions at Tremblant Capital and HSBC. The two firms are partners in Hagin Investment Management.

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