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Komfie Manalo, Opalesque Asia:

Fresh data has shown that women fund managers consistently beat their male counterparts in the performance department with hedge funds run by women growing nearly double than the average industry growth in the past year, reports The Times.

The report cited data from the HFRX Women index, the benchmark for used for female hedge fund managers' performance, showed a positive gains of 11% over the past year, compared to just 6% of the broader hedge fund market during the same period.

Also, a review of performance of hedge funds shows that female managers have been outperforming their male counterparts over three, five and ten years.

However, when it comes to the number of managers and disparity in paycheck, female hedge fund managers comprise only about 5% of the total industry managers, and a huge majority of top earners at the largest funds are composed of men.

Jane Buchan of Paamco Prisma Holdings described the hedge funds industry as "still an old boys' club" and that women should always strive harder than male managers to impress their bosses. She stated, "Women have to outperform to get the same assets under management. That's the real conversation. It's not raw skill, it's the way investors make their allocations. They presume that if someone doesn't look like them, they won't do as well."

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