Hedge Funds Not Led by White Men Outperform Nearly 2 to 1
- Minority and female managers fared 72% better than peers
- Funds focused on broad, global trends had biggest disparity
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Hedge funds not controlled by white men had returns almost double their peers the last three years, according to a Bloomberg analysis of hedge fund data.
Within Bloomberg’s database of 2,935 funds, the analysis found 35 managed by minorities or women and compared them with 908 peer funds. The database includes over 65% of the industry’s top 1,500 managers by assets under management.