This year’s top 10 stories included a peek into AustralianSuper’s international equities build out in London, AMP’s move to slash employee benefits, and plenty of hard-hitting analysis of the issues that matter in institutional investment. But the real story is how readers helped shape all of that coverage.
Orbis’ Stuart Place is riding from Melbourne to the Moon and Back to fund a treatment for the “monster of a disease” that his youngest son was born with. The investment industry is rallying behind him.
Women perform better than men in hedge fund world
Hedge funds run by women have outperformed those run by men, according to a report by the US professional services firm Rothstein Kass.
As reported by ‘Dealbook’, a news service of the NY Times, Rothstein Kass has produced an index which showed that female hedge fund managers had an average return of 8.95 per cent through the third quarter of last year, against the return of 2.69 per cent by the global hedge fund index.
The report accompanies results of the firm’s annual survey of women working in alternative investments, which illustrates persistent gender disparities on Wall Street. Only 16.8 per cent of hedge funds, 13 per cent of venture funds and 12 per cent of private equity funds were either owned or managed by women.
The index of outperforming women comprised 67 hedge funds.
The report says that women managers have some advantages over their male counterparts including being more risk-averse and being better able to avoid volatility.
The report reaffirms the view that women in the alternatives industry lack opportunities to prove themselves and some become discouraged.
