Tags: women | hedge fund | managers | outperform

Study: Women Better Hedge Fund Managers

By Forrest Jones   |   Tuesday, 15 Dec 2009 04:35 PM

Women hedge fund managers outperform their male counterparts, producing returns of 9% compared to 5.82% from men, according to a study from Hedge Fund Research.

Men, apparently, are more hardwired to take bigger risks, which may hurt their overall returns.

“It’s not that women are averse to risk,” organizational behavior expert Judi McLean Parks, an Olin Business School professor at Washington University in St. Louis, tells Institutional Investor.

“It’s just that they are less likely to take the big one.”

While women make up a minority among hedge fund managers, hopefully that will change.

“This is the road map to financial stability overall,” says Jacquelyn Zehner, the first woman trader to be made a partner at Goldman Sachs in 1996.

Other inequalities appear to surface in the industry.

A recent report published by Hedge Funds Jobs Digest showed an overall disconnect between performance and pay in the hedge fund industry.

According to the study, 28 percent of hedge fund professionals expected 15 percent or more in overall compensation over the last year while 9 percent of the respondents expected their compensation to double, PRWeb reported.

Even underperforming funds expected to dole out hefty pay hikes.

“What investors don’t expect is large bonuses to be paid out when funds do not perform. We saw some of that this year, likely due to multi-year bonus guarantees,” says David Kochanek, publisher of Hedge Fund Jobs Digest.

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Women hedge fund managers outperform their male counterparts, producing returns of 9% compared to 5.82% from men, according to a study from Hedge Fund Research. Men, apparently, are more hardwired to take bigger risks, which may hurt their overall returns. It s not that...
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