Race and hedge funds

• المؤلفون الرئيسيون: LU, Yan, NAIK, Narayan Y., TEO, Melvyn
• التنسيق: text
• اللغة: English
• منشور في: Institutional Knowledge at Singapore Management University 2022
• الموضوعات: Race; Racial bias; Discrimination; Barriers to entry; Minorities; Homophily; Education; Hedge funds; Finance and Financial Management; Portfolio and Security Analysis; Race and Ethnicity
• الوصول للمادة أونلاين: https://ink.library.smu.edu.sg/lkcsb_research/6999; https://ink.library.smu.edu.sg/context/lkcsb_research/article/7998/viewcontent/SSRN_id4070484.pdf
• المؤسسة: Singapore Management University

We find that minority operated funds deliver higher alphas, Sharpe ratios, and information ratios than do non-minority operated funds. Moreover, minority fund managers attended more selective schools, worked at higher status investment banks, and are more likely to hold post-graduate degrees. Yet, m...