Mon, Oct 5, 2015
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Kyria Capital Management bets on women hedge fund managers

Wednesday, July 30, 2014

Bailey McCann, Opalesque New York:

As hedge fund assets top $3 trillion, and long/short strategies get more crowded than ever, with every manager hunting for even the tiniest bit of alpha, a new firm has emerged that claims its own edge – women. A recent Rothstein Kass study showed women-owned and women-managed hedge funds (collectively "women-run") posted annualized returns through the financial crisis and recovery of +6.0% versus the HFRX Global Fund Index performance of -1.1%, according to the latest white paper from Kyria Capital Management.

Kyria firm composed solely of women managers, and managing partner Kristina Koutrakos says that she’s designed the fund to showcase the strength of female managers.

Research shows that while women don’t have a biological predisposition to financial outperformance, they do tend to have a common set of biases that make them manage money differently from men. These choices, over the long haul, typically outperform.

However, the overwhelming amount of investor assets make it to the top five percent of hedge funds, and those hedge funds are dominated by male money managers. The reasons for this range from bigger funds, simply attracting more assets because they are already the biggest, to an outright open bias against allocating to women who are perceived as weak or more emotional. "Women owned funds have statistically seen fewer asset allocations for a variety of reasons," Koutrakos adds. "But once investors see the d......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Performance - Hedge fund moguls Einhorn, Loeb, Rosenstein lose money in September, Risky strategy sinks small hedge fund[more]

    Hedge fund moguls Einhorn, Loeb, Rosenstein lose money in September From Billionaire stock pickers David Einhorn, Daniel Loeb and Barry Rosenstein on Wednesday told their wealthy investors they lost money in September as market turmoil inflicted more pain on some of America'

  2. Opalesque Exclusive: IRAs represent billions of untapped capital for hedge funds[more]

    Benedicte Gravrand, Opalesque Geneva: Retirement accounts might not be the first source that comes to mind for those looking to raise funds, but they may represent billions of untapped capital. Unlike traditional retirement accounts,

  3. Opalesque TV: One way to access market hedge funds in the EU under the AIFMD radar[more]

    Benedicte Gravrand, Opalesque Geneva: While the Cayman Islands, the US and Hong Kong await the pan-European marketing passport to be extended to alternative investment fund

  4. Vilas’ equity long bias hedge fund generates market-beating results[more]

    Komfie Manalo, Opalesque Asia: The Vilas Fund, an equity long bias fund managed by Chicago, Illinois-based Vilas Capital Management, posted five-year annualized returns, net of fees, of 23.47% vs. 15.87% for the S&P 500 Index, including divid

  5. Performance - Manager admits spin used to hide poor performance, Fortress macro hedge fund slumps 17.2% amid manager shakeup, In the hedge fund world, bigger is still better[more]

    Manager admits spin used to hide poor performance From … Colin McLean, managing director of SVM Asset Management, told FTAdviser that fund managers underperform all the time, so stories are often needed to mask or explain this. “People need to build a good framework