Do Alpha males deliver Alpha? Facial structure and hedge funds

Facial structure as encapsulated by facial width-to-height ratio (fWHR) maps onto masculine behaviors in males and may positively relate to testosterone. We find that high-fWHR hedge fund managers underperform low-fWHR hedge fund managers by 5.83% per year after adjusting for risk. Moreover, funds o...

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Bibliographic Details
Main Authors: LU, Yan, TEO, Melvyn
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2018
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Online Access:https://ink.library.smu.edu.sg/lkcsb_research/6211
https://ink.library.smu.edu.sg/context/lkcsb_research/article/7210/viewcontent/AlphaMalesDeliverAlpha_wp_201802.pdf
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Institution: Singapore Management University
Language: English