Women Rule Hedge Funds
It seems as if males dominate the financial sector, so when it was announced that female-managed hedge funds are earning more than funds run by men, I had to admit, I was a bit surprised.
According to a new study conducted by the consulting firm Rothstein Kass, hedge funds owned or managed by women earned, on average, 8.95% through September 2012, compared with 2.69% average for all hedge funds.
Why do women earn more? Apparently, women are more risk-adverse and take more time to assess the market before acting, according to the study. Women also tend to improve their financial skills with age.
So, why are we not being paid equally again?
Ally | Elite.
Photo Credit: Getty Images
Subscribe to Elite Daily's official newsletter, The Edge, for more stories you don't want to miss.