Affirmative Action Pays Off
I've long held the view that women and minorities are better hedge fund managers than non-minority men. I attribute much of my success to the fact that, except for a few quants, I hire nothing but women and minorities. I myself am like the Tiger Woods of hedge funds, not just because of my exceptional performance, but also because of all of the miscegenation that resulted in me, as you can probably tell from my exotic looks.
With this report from Reuters, the rest of the world knows what I long knew.
With this report from Reuters, the rest of the world knows what I long knew.
The HFRX Diversity Index tracks returns at firms owned and operated exclusively by women and minorities and shows these managers have long outpaced competitors around the world.
Since 2003, these managers have returned 11.26 percent annually net of fees, said Chicago-based hedge fund tracker Hedge Fund Research (HFR), which created the index.
Global hedge fund managers returned 7.76 percent during the same period, according to another one of the company's benchmarks, the HFRX Global index.
Photo: Percy's Hybrid Derivatives Portfolio Manager, Jupiter.
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