TY - GEN
T1 - Gender differences in hedge fund performance persistence
AU - Klubinski, William
AU - Tsoligkas, Fanis
AU - Verousis, Thanos
AU - Wang, Lipeng
PY - 2023/8/31
Y1 - 2023/8/31
N2 - 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 among 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 analyzed periods. The findings contribute to the debate on the existence of differences in behavior across males and females.
AB - 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 among 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 analyzed periods. The findings contribute to the debate on the existence of differences in behavior across males and females.
U2 - 10.1016/B978-0-44-313776-1.00101-X
DO - 10.1016/B978-0-44-313776-1.00101-X
M3 - Chapter in a published conference proceeding
SN - 9780443157851
BT - Reference Module in Social Sciences
PB - Elsevier
ER -
