Gender differences in hedge fund performance persistence
Klubinski, William Joseph Verousis, Thanos Tsoligkas, Fanis
Klubinski, William Joseph
Verousis, Thanos
Tsoligkas, Fanis
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2022
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Abstract
This paper analyses gender differences in hedge fund (HF) performance persistence using parametric and non-parametric risk-adjusted-performance persistence indicators. We find evidence consistent with performance persistence, which in relative (risk-adjusted) terms, is more pronounced amongst females, as opposed to male managers, in short to medium-term horizons. We also, observe a complete loss of persistence for the female managers in the long term, which for the male managers prevails and continues throughout all analysed periods. The findings contribute to the debate on the existence of differences in behaviour across males and females.
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Hedge Funds, Performance Persistence, Gender, Risk