Are you a white male?

Discussion in 'Wall St. News' started by ChkitOut, Feb 22, 2011.

  1. So being risk averse in a bear market is a bad thing?
     
    #11     Feb 22, 2011
  2. 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...:D
     
    #12     Feb 22, 2011
  3. 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. :(
     
    #13     Feb 22, 2011
  4. 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..."
     
    #14     Feb 22, 2011
  5. Obama
     
    #15     Feb 24, 2011
  6. 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.
     
    #16     Feb 24, 2011
  7. 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
     
    #17     Feb 24, 2011
  8. 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.
     
    #18     Feb 27, 2011
  9. nLepwa

    nLepwa

    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
     
    #19     Feb 27, 2011
  10. Many managers can get "hedge fund" compensation in exchange for "index fund" performance. :(
     
    #20     Feb 27, 2011