Move over, white boys.
Hedge Fund Research said that hedge funds run primarily by women and minorities have bested by a wide margin industry averages, and did particularly well in 2008, when the average hedge fund was battered by the financial crisis. In that year, the HFRX Diversity Index, which includes hedge funds that are majority-owned by women or minorities, lost just 5.41%; the average hedge fund lost more than 20%.
But it isn’t just during the bad times that the minorities are better than the majority: The Diversity Index has enjoyed an annualized return of 7.6% over the last three years and 9.1% over the last five, compared to a 2.04% annualized loss over three years and a 0.46% annualized gain over five for the HFRX Global Hedge Fund Index.
“Women make fewer mistakes because they tend not to trade things that they don’t understand,” Galtere founder Renee Haugerud told Financial News. “They have less of the very large catastrophic downside losses.”
Study: Women, Minorities Make The Best Hedge Fund Managers [FINalternatives]
Always knew it
I completely disagree.
-Every person on Wall Street
Are you sure you are female?
Are you sure you are female?
Are you sure you are female?
Are you sure you are female?
Are you sure you are female?
1 data point does not a statistically significant study make.
- Guy who is threatened
1 data point does not a statistically significant study make.
- Guy who is threatened
1 data point does not a statistically significant study make.
- Guy who is threatened
1 data point does not a statistically significant study make.
- Guy who is threatened
1 data point does not a statistically significant study make.
- Guy who is threatened
“Women make fewer mistakes because they tend not to trade things that they don’t understand.”
So they don’t trade anything?
It is probably due to all of the government subsidies and tax breaks they get for being a minority. I also heard that they can use their WIC card to buy certain stocks at UBS and Jefferies.
a – time period bias
b – spurrious correlations
c – one cannot draw conclusions about investmetn skill based on the HF universe which is comprised of wildly different strategies
d – fast food and cleaning
-guy who got an A in stats class
-guy who knows
Just changed my resume to kinda imply I’m an Eskimo woman.
Jews are a minority…………….
Jennifer Love Hewitt?
Nonsense, they trade recipes, gossip, coupons, “going out” clothes etc. I am not sure how they managed a 7.6% annualized return on those items.
Nonsense, they trade recipes, gossip, coupons, “going out” clothes etc. I am not sure how they managed a 7.6% annualized return on those items.
He’s right….we are! Swerve!
I dispute the conclusions of this study as I was not included.
-Watson
“Study Says Gay Men Better At Giving Blow Jobs Than Straight Women”
It might be true but you couldn’t pay me enough to find out.
Same rules here.
“Study Says Gay Men Better At Giving Blow Jobs Than Straight Women”
It might be true but you couldn’t pay me enough to find out.
Same rules here.
It’s called trading a non-traditional portfolio and we live longer too.
Hot Hedge FundMom
Listen Hoss, we also trade jokes about sexist pig-dog men with small (aka crippled) dicks. xoxo
They’re called “Inuit,” Genius.
Don’t worry, lots of people from the helmet quad take the short bus to Wall St every day. You’ll do fine.
They’re called “Inuit,” Genius.
Don’t worry, lots of people from the helmet quad take the short bus to Wall St every day. You’ll do fine.
You little tartlet. Call me.
–Jeff Epstein
You little tartlet. Call me.
–Jeff Epstein
Between longevity and shrinking endowments you guys really went straight to the lowest common denominator.
Between longevity and shrinking endowments you guys really went straight to the lowest common denominator.
Between longevity and shrinking endowments you guys really went straight to the lowest common denominator.
Between longevity and shrinking endowments you guys really went straight to the lowest common denominator.
Pics or I’m redeeming
Pics or I’m redeeming
Pics or I’m redeeming
Pics or I’m redeeming
What means this, “pig-dog”?
Thats bullshit.
Truly very scrumptious,
M. Whitney
Inuit? Wtf does a CA based software company have to do with anything? Retard.
No one cares.
Comparing the massive sample of white hedge fund managers to the miniscule sample of minority hedge fund managers makes total sense if you are doing your statistical analysis in fingerpaint and crayon.
1/2 Man, 1/2 Bear, 1/2 Pig
Not trying to be racist/sexist/whatever, but can anyone actually name 10 minority-or-women owned HFs? I’m assuming whoever did the study did *not* include Jews in their definition of a minority, btw.
-Confused WASP male
Was that wrong of me? Should I not have done that?
I’d tell you but I am afraid it would cause you to fart in my general direction. xoxo
“Everybody meet Mr. Me Too”
-Pharell
“Everybody meet Mr. Me Too”
-Pharell
In finance?
Oh right. Go all logical and factual on us, Perma. You white males never let us non-white males have a chance in the sun do you?
Oh right. Go all logical and factual on us, Perma. You white males never let us non-white males have a chance in the sun do you?
Oh right. Go all logical and factual on us, Perma. You white males never let us non-white males have a chance in the sun do you?
Oh right. Go all logical and factual on us, Perma. You white males never let us non-white males have a chance in the sun do you?
Oh right. Go all logical and factual on us, Perma. You white males never let us non-white males have a chance in the sun do you?
We’re afraid you’d blister.
We’re afraid you’d blister.
El Chupacabra!
El Chupacabra!
@n&ked
and you’ll die young with that schl0ng down your throat.
Revealed: Oral s&* is ‘bigger cause of throat cancer than tobacco’
http://tinyurl.com/63c7fxp
+10. You made me guffaw. xoxo
Dad?
-Jr. AIG Quant
Dad?
-Jr. AIG Quant
Dad?
-Jr. AIG Quant
i don’t like it when girls use the word fart. ditto for pee.
clean up your act, trollop.
i don’t like it when girls use the word fart. ditto for pee.
clean up your act, trollop.
i don’t like it when girls use the word fart. ditto for pee.
clean up your act, trollop.
“What do I care whose mouth it is?”
- Warren Beatty
(seriously)
Too blasphemus couldn’t read
wait…non white-male, or a non-white male, please don’t be the latter…I can’t have that happen again.
And by hedge fund manager we mean office manager.
Vitiligo? Sex Change? No. I simply found an opportunity with an asymmetric payoff…
I know you white people be hatin’ because you cannot stand a black man running a hedge fund and doing better. I guess we tend to do better because we don’t go drinkin’ with our “bros” the night before, conduct bar fight at Minettas, and do lines of blow like a bunch of French school girls because we need to cope with our privileged white bread lives that are oh so tough.
I’ll tell you what. Come to a couple jazz bars in Manhattan with some black folk and we will share our strategies which is just longing dumb things white people love like north face fleece, uggs, lululemon, lattes, nordstrom, pick-up trucks, and organic food.
White and black people like different stuff? But Jay-Z is quoted as saying:
But the allure of the game, keeps callin your name
To all the Lauras of the world, I feel your pain
To all the Christies in every cities and Tiffany Lanes
We all hustlers, in love with the same thang
you’re not gossip girl, curb your unreformed sorority girl use of xoxo.
- i know you love me
you’re not gossip girl, curb your unreformed sorority girl use of xoxo.
- i know you love me
Actually gross returns trail by 150bps but net returns outperform because women and minorities earn less than 75% of what white males make.
Actually gross returns trail by 150bps but net returns outperform because women and minorities earn less than 75% of what white males make.
Actually gross returns trail by 150bps but net returns outperform because women and minorities earn less than 75% of what white males make.
What was that about a place in the sun??
-Kaiser Wilhelm
What was that about a place in the sun??
-Kaiser Wilhelm
It’s PhaRRell.
Warm regards,
Skateboard P
It’s PhaRRell.
Warm regards,
Skateboard P
It’s PhaRRell.
Warm regards,
Skateboard P
I thought Don Sussman owned all those women-owned firms? Did they adjust for his ‘Wizard of Oz’ bias?
xoxo
xoxo
GGGood one…got me with a grammar fail. xoxo
GGGood one…got me with a grammar fail. xoxo
We trade Groupon links to spa promotions all day
- PM at Tampon Capital Management LLC
Women and minorities are better at managing hedge funds? Okay, women we can identify. But who gets the “minority” status? Asians?, Jews?, Indians (dot)? Blacks? Hispanics?
Meanwhile, where’s the female Warren Buffett? Where’s the Where are the “minority” Warren Buffetts?
best thread i’ve read in a long time. pls keep up the good work…
Well, there’s Lynne Tilton…
don’t think you’ve visited Manhattan
to the latter stuttered question i say: carlos slim
asians and indians dont count as minorities
all kidding aside, if you don’t think this is a legitimate problem, then you should probably eat shit and die.
-minority woman who has dealt with brutally incompetent WASPs and Jews her entire life, and who also puts up alpha every year, yet still can’t secure investors at even a quarter of the rate you can from within in the good ol’ boys club
you forgot
e- vacuously true
-guy who got an A in real analysis as well
when it comes to issues like this, don’t you think that if the small sample size is performing, that they’ve at least earned the right to become a larger sample size?
http://sportsillustrated.cnn.com/2011/football/nfl/super-bowl-2011/01/30/scorecasting/index.html
Women trade things they understand? Those returns make sense now. They were probably just parking cash in savings accounts.
Women trade things they understand? Those returns make sense now. They were probably just parking cash in savings accounts.
eight hours after the post, and the best you could come up with is a less funny version of Financial_Servicer’s joke. given how pathetic your attempt at humor was, i have to assume you were equally pathetic in ‘liking’ you own comment.
I appreciate you outing me in public, but while I was listening to the wind howl from the sound of throwing my toothpick down your hallway, I think I lost my watch in there.
-guy who lost his watch in there
Typically when I perform, my sample size is quite large.
- load blown
Actually just Indians (feather).
-Squanto
I liked his comment also.
- guy with nothing original to say but wants in on the action.
Phew! That was a close call.
– Brutally incompetent Catholic guy
Don’t forget Sarah Bernett!!!
Umm… Carlos Slim isn’t an American citizen, champ. Pretty sure Mexicans aren’t a minority *in Mexico*