Women are still the minority of hedge fund leaders—even though they make better managers, says hedge fund head Whitney Tilson in the New York Times.
New evidence shows hedge funds managed by women beat an index of hedge funds. Studies have also shown that women make fewer risky choices, are more thorough researchers and don’t fall prey to over-confidence when making investment decisions.
“If women are, in general, better suited to be successful investors, then this is a strange market inefficiency. It would be like discovering that tall people were vastly underrepresented in the NBA,” writes Tilson.
So he asked a longtime female colleague why she thought women were such a minority. Her answer, he says, is fascinating.
Read it here.