Women Are Better Money Managers Than Men

From DealBook:

It seems that in the hedge fund industry, female fund managers come out on top — at least according to a new study from Bloomberg L.P. and the National Council for Research on Women.
BusinessWeek notes that according to the research, from January 2000 through May 31, 2009, hedge funds run by women delivered nearly double the investment performance of those managed by men.
On average, funds managed by women produced annual returns of 9 percent, compared with a 5.82 percent average annual return by funds run by men.
Furthermore, in 2008, during the height if the financial crisis, funds run by women were down 9.6 percent versus a a 19 percent decline in those run by men.
The study concludes that “on average, women tend to be more consistent investors, holding investments longer and processing a greater level of informational detail, including contradictory data, in making decisions.”
“On the other hand,” the study said, “men tend to manage actively, trading often and basing decisions on overall schema.”
“This research debunks the myth that women are less effective money managers than men,” the report said.

So Would Lehman Sisters still be around?

Posted by on December 11th, 2009 at 9:32 am


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