Is there gender bias in hedge funds?
MarketWatch - 03/14/2016
Running a successful hedge fund is a challenge for anyone. But it’s especially hard for women, a recent study says.
Hedge funds run by women are struggling for capital despite there being no statistically significant difference in performance between their funds and those run by men, according to new research. Part of the reason, say the researchers, is that women running hedge funds get a low level of news-media attention.
The lack of capital doesn’t just stunt the growth of the funds run by women, the report says — it’s often fatal for the funds.
“Funds with at least one female manager fail at higher rates, driven by difficulty in raising capital,” says the report, written by Rajesh Aggarwal and Nicole M. Boyson, professors at the D’Amore-McKim School of Business, Northeastern University, in Boston.