×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: hedge | funds | white | men

Hedge Funds Not Led by White Men Outperform Peers Nearly 2 to 1

Hedge Funds Not Led by White Men Outperform Peers Nearly 2 to 1
DTdesigner/Dreamstime

Tuesday, 21 January 2020 09:55 AM EST

Hedge funds not controlled by white men had returns almost double their peers the last three years, and the advantage continued even in times of crisis, according to a Bloomberg analysis of hedge fund data.

Hedge funds either controlled or managed by a minority or female leader had a return of about 6.6% over the past three years, compared to about 3.9% for their peers, the analysis of Bloomberg’s hedge fund database found. Macro funds, which invest in broad, global trends, had the biggest disparity.

During the previous five years, the funds not managed by white men outpaced their peers by about 41%, the data showed. The advantage wasn’t limited to times of relative growth, as minority- and female-led funds also outperformed peers during times of crisis such as the Lehman Brothers default that sparked the last recession as well as the Libya oil shock in 2011, the analysis found.

© Copyright 2022 Bloomberg News. All rights reserved.


StreetTalk
Hedge funds not controlled by white men had returns almost double their peers the last three years, and the advantage continued even in times of crisis, according to a Bloomberg analysis of hedge fund data.
hedge, funds, white, men
150
2020-55-21
Tuesday, 21 January 2020 09:55 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Get Newsmax Text Alerts
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved