Latin America Business News
STUDY: Minorities and Women Make Best Hedge Fund Managers
Want an annualized return of 7.5% over three years or 9.1% over the last five? Then make sure your hedge fund is run by a woman or minority.
A study by Hedge Fund Research found that investment hedge funds run by women and minorities out performed other fund managers – it didn’t appear to matter whether it was during an economic downturn or not.
For example, in 2008 during the depths of the financial crisis, hedge funds on average lost 20% while funds majority-owned by women or minorities lost only 5.41%.
Women and minorities own funds continue to represent a small fraction of hedge fund managers but their results are getting noticed.
