The Case for Diversity: Hire Women to Manage Money
You may have seen the headlines heralding the triumph of female hedge fund managers, as this story has been widely circulated in the financial press. Yahoo Finance trumpeted, “Female Hedge Fund Managers Ruled the Markets in 2012.” The article notes that female-owned hedge funds returned 8.95% in 2012 versus a global hedge fund index, which posted a 2.69% return. The achievement is probably meaningless, as I’ll discuss in a moment. However, the story is important.
|International JV (1995)|