After covering women in finance for almost two decades, I smell a revolution in the works.
Two new surveys show women are kicking the behinds of the financial industry’s male-dominated hierarchy.
A report released earlier this month by the financial-services firm Rothstein Kass reveals that female hedge-fund managers leveraged an average 8.9 percent return in the third quarter of 2012. A separate report from Hedge Fund Research showed that, globally, hedge funds averaged a mere 2.69 percent return during the same period.
This great news turns on its head the conventional view of women as averse to risk-taking and afraid to trust their gut instincts when it comes to investing.