According to the New York Times DealBook, the hedge fund industry—generally considered the most elite and prestigious field among MBA students—faced a bleak year in 2012 with one notable exception: hedge funds managed by women. A new report compiled by professional services firm Rothstein Kass revealed impressive returns for female hedge fund managers, showing an average of 8.95% through the third quarter, compared with the HFRX Global Hedge Fund Index, which reported just 2.69% net returns through September. Respondents expressed general optimism concerning the future of women in the industry.
The gender gap for alternative investment remains disparate, with only 18% of the firms surveyed reporting female chief investment officers and just 16% with female CEOs. Yet the report suggests that despite the characterization of the industry as an “old boys club,” women seem to be outperforming their male counterparts, drawing considerable interest from investors and potentially paving the way for a new generation of female business school graduates to follow their success.