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.
|Title of host publication||Reference Module in Social Sciences|
|Place of Publication||Amsterdam, Netherlands|
|Publication status||E-pub ahead of print - 31 Aug 2023|