Journal of risk and financial management, Journal Year: 2024, Volume and Issue: 17(11), P. 499 - 499
Published: Nov. 7, 2024
The hedge fund (HF) industry is known to be one of the most unequal professional fields when it comes gender. This study quantifies and confirms this severe gender gap, which appears persistent or even widening in recent years. We assess whether performance risk differences explain gap by comparing samples woman-managed HFs vs. man-managed HFs. Through analyzing their descriptive statistics first, examining alphas using HF benchmark indices a pricing model and, finally, wealth generation, we found no evidence that could such an extreme gap. Furthermore, our results do not support view women are more risk-averse than men, translated into investment decisions. Other sociocultural factors probably partly existence persistence funds.
Language: Английский