Female-Led Hedge Funds Fail At Higher Rates Because Media Gives More Column Inches To Subjects With Testicles: Study

Not because of performance.

If you're a woman and you're running a hedge fund, dealing with a 22 year-old analyst who thinks an invite to chill with him and his two roommates in Murray Hill tonight sounds appealing isn't your only issue! You'll also need to overcome the fact the media prefers fleshy orbs to ovaries.

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.

Gender Bias in Hedge Funds? [WSJ]