Do alpha males deliver alpha? Facial width-to-height ratio and hedge funds

• Main Authors: LU, Yan, TEO, Melvyn
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2022
• Subjects: hedge funds; alpha; facial width-to-height; testosterone; downside risk; fire sales; marriage; fatherhood; marketing intensity; Finance and Financial Management; Portfolio and Security Analysis
• Online Access: https://ink.library.smu.edu.sg/lkcsb_research/7029; https://ink.library.smu.edu.sg/context/lkcsb_research/article/8028/viewcontent/Do_alpha_males_deliver_alpha_facial_width_to_height_ratio_and_hedge_funds_pvoa_cc_by.pdf; https://ink.library.smu.edu.sg/context/lkcsb_research/article/8028/filename/0/type/additional/viewcontent/S0022109021000399sup001.pdf
• Institution: Singapore Management University

An abundance of evidence relates facial width-to-height ratio (fWHR) to masculine behaviors in males. We show that hedge funds operated by high-fWHR managers underperform those operated by low-fWHR managers, bear greater downside risk, are more susceptible to fire sales, and fail more often. High-fW...