Are you a white male?

[ElecEquity]

Quote from nazzdack:

1) They aren't the "best", they're the "least worst".
2) How do they compare to the S&P-500?
3) They make fewer "mistakes" probably because they are mimicking the S&P-500 or overweighted in fixed income. :eek:
4) They may perform "well" merely because they are too risk averse in bear markets. More data needs to be compiled which will show they tend towards the performance of men as their assets under management increase.

So being risk averse in a bear market is a bad thing?

 

[Good Fortune]

Oh sure I would really pick someone to manage my money with this splendid criteria, research, and track record on display. What an illuminating piece of work. I tell you our country's financial well being can be rest assured now. What a remarkable and brilliant number of insights being generated. NOT...

 

[nazzdack]

Quote from ElecEquity:
----being risk averse in a bear market....

1) Probably by accident, or gender propensity. It seems to carryover into bull markets also. :eek:
2) Their performance numbers aren't any better than the generally accepted, long-term, rate of return of the stock market of 8% to 10% per year.

 

[nutmeg]

Study: Women, Minorities Make The Best Hedge Fund Managers

-------------------------

Question. Why now? Why this study? Anyone read something similiar in the past?

Does anyone care?

Yes! Yes! Yes!


The new fin regs contain hiring quota's for women and minorities.

Ding ding ding.

"Recent studies have shown..."

 

[DepthTrade]

Obama

 

[lorax2013]

If this is true, then within a few years all traders should be minority women. The market is color blind - hell, for the first time in history, you can make millions trading and never even speak to another human.

The current makeup of successful private traders compared to the general population should show what groups, if any, have the greatest aptitude for trading. The makeup of hedge fund managers, otoh, simply shows who has an aptitude for salesmanship to suckers.

 

[peilthetraveler]

Top 5 Hedge fund managers of 2009.

#5 Steve Cohen (made $1.4 billion)
#4 John Paulson (made $2.4 billion)
#3 James Simons (made $2.5 billion)
#2 George Soros (made $3.3 billion)
#1 David Tepper (made $4 billion)

Heres the website with their pictures...You will notice that ALL of them are white. Heck...not even one of them has a tan!

http://www.huffingtonpost.com/2010/...-fun_n_532071.html#s79888&title=5_Steve_Cohen

 

[LORD KAL-EL]

Quote from ElecEquity:

So being risk averse in a bear market is a bad thing?

Being risk averse all the time is bad and an especially dumb move when hedge fund investing. One would just be better off owning a diversified index with the appropriate asset allocation to fixed income and perhaps commodities.

 

[nLepwa]

Quote from peilthetraveler:

Top 5 Hedge fund managers of 2009.

#5 Steve Cohen (made $1.4 billion)
#4 John Paulson (made $2.4 billion)
#3 James Simons (made $2.5 billion)
#2 George Soros (made $3.3 billion)
#1 David Tepper (made $4 billion)

Heres the website with their pictures...You will notice that ALL of them are white. Heck...not even one of them has a tan!

http://www.huffingtonpost.com/2010/...-fun_n_532071.html#s79888&title=5_Steve_Cohen

Well, at these amounts of money it's all about market manipulation (except for Simons, maybe). And you better be white and well connected for that.

You need to look at average size funds ($100M to $1b) to draw proper conclusions.

Ninna

 

[nazzdack]

Quote from LORD KAL-EL:
----One would just be better off owning a diversified index....

Many managers can get "hedge fund" compensation in exchange for "index fund" performance.