Do hedge funds benefit from gender diversity at the top management?
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School of Business |
Bachelor's thesis
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Date
2021
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Mcode
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Rahoitus
Language
en
Pages
24+7
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Abstract
In this paper I study whether gender diversity at the top management level has been beneficial to hedge funds between 1995 to 2019. I use data from worldwide hedge funds and my sample covered 4526 funds. As a measure of gender diversity at the top management I use information about hedge funds’ portfolio manager, CEO and marketing manager. The main finding of this study is that hedge funds which have gender diversity at the top management, seem to gather statistically significantly more assets under management than all-male or all-female managed hedge funds. My results show that in performance gender diversity funds do not perform as well as all-male managed hedge funds. Another measurement where a slight benefit of gender diversity is found is that funds with gender diversity do not fail as often as one-gender managed funds.Description
Thesis advisor
Joenväärä, JuhaKeywords
hedge funds, gender diversity, top management, assets under management