Gender effects in hedge funds performance

This paper shows that after controlling for total risks (as funds do not typically hold a completely large diversified portfolio) across different funds, female-managed funds appear to perform better in certain circumstances. For example, female-managed hedge funds perform better during post-crisis...

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Main Author: GAN, Karen Yoke Wah
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2016
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Online Access:https://ink.library.smu.edu.sg/etd_coll/135
https://ink.library.smu.edu.sg/cgi/viewcontent.cgi?article=1134&context=etd_coll
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spelling sg-smu-ink.etd_coll-11342019-07-11T05:40:24Z Gender effects in hedge funds performance GAN, Karen Yoke Wah This paper shows that after controlling for total risks (as funds do not typically hold a completely large diversified portfolio) across different funds, female-managed funds appear to perform better in certain circumstances. For example, female-managed hedge funds perform better during post-crisis times, for investments using the Relative Value Style and also when investments are in the Asia excluding Japan region. However, there are still many conditions in which male-managed funds seem to perform better. Namely, male-managed funds performed significantly positive in the Relative Value, Security Selection, and Multiprocess Styles, notably during the pre-crisis period and also when investments are in the "America" and "Others" regions. The study also shows that females definitely do not like to take risks and female-managed funds have lesser inflows relative to male-managed funds, especially when the funds' returns are small. Moreover, fund flows into and out of female-managed funds are more sensitive to the return outcomes. 2016-12-01T08:00:00Z text application/pdf https://ink.library.smu.edu.sg/etd_coll/135 https://ink.library.smu.edu.sg/cgi/viewcontent.cgi?article=1134&context=etd_coll http://creativecommons.org/licenses/by-nc-nd/4.0/ Dissertations and Theses Collection (Open Access) eng Institutional Knowledge at Singapore Management University hedge fund gender finance performance Finance and Financial Management
institution Singapore Management University
building SMU Libraries
continent Asia
country Singapore
Singapore
content_provider SMU Libraries
collection InK@SMU
language English
topic hedge fund
gender
finance
performance
Finance and Financial Management
spellingShingle hedge fund
gender
finance
performance
Finance and Financial Management
GAN, Karen Yoke Wah
Gender effects in hedge funds performance
description This paper shows that after controlling for total risks (as funds do not typically hold a completely large diversified portfolio) across different funds, female-managed funds appear to perform better in certain circumstances. For example, female-managed hedge funds perform better during post-crisis times, for investments using the Relative Value Style and also when investments are in the Asia excluding Japan region. However, there are still many conditions in which male-managed funds seem to perform better. Namely, male-managed funds performed significantly positive in the Relative Value, Security Selection, and Multiprocess Styles, notably during the pre-crisis period and also when investments are in the "America" and "Others" regions. The study also shows that females definitely do not like to take risks and female-managed funds have lesser inflows relative to male-managed funds, especially when the funds' returns are small. Moreover, fund flows into and out of female-managed funds are more sensitive to the return outcomes.
format text
author GAN, Karen Yoke Wah
author_facet GAN, Karen Yoke Wah
author_sort GAN, Karen Yoke Wah
title Gender effects in hedge funds performance
title_short Gender effects in hedge funds performance
title_full Gender effects in hedge funds performance
title_fullStr Gender effects in hedge funds performance
title_full_unstemmed Gender effects in hedge funds performance
title_sort gender effects in hedge funds performance
publisher Institutional Knowledge at Singapore Management University
publishDate 2016
url https://ink.library.smu.edu.sg/etd_coll/135
https://ink.library.smu.edu.sg/cgi/viewcontent.cgi?article=1134&context=etd_coll
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