Looking For Great Financial Advice? Try A Woman...
The next time any man claims that men are better at handling money than women are, look him right in the eye, scoff a little, and lay down this fact: Females are outperforming men in business. (Oh, and probably never speak to that guy again, too.) A new report by business and financial consulting firm Rothstein Kass states that female hedge fund managers are more profitable than their male counterparts. The "old boys club" is slowly but surely feeling the rattle of the increasing female power. Rothstein Kass reports that, during the third quarter of 2012, women brought in a 8.95-percent return on investment over the median average of 2.69-percent in the overall financial reports. This basically means that companies with women at the helm brought in more money after taxes, and therefore reeled in more profit for their company. You go, girls.
Women, however, make up less than 20-percent of the hedge fund CEO population. For one thing, a glass ceiling still exists in the financial world blocking many women from rising to the positions needed to get them into the CEO office. Less female CEOs means less female CEO success stories, and as such, there is a lack of motivation to break said ceiling. Women, according to Rothstein Kass, "[are] more risk adverse, and therefore potentially better able to escape market downturns and volatility.” Basically, we take this as, listen up, boys — the numbers can't lie. Progress may be at a snail's pace, but girl power is creeping up on the male dominated world. Who (will) run the world? Girls. (Co.Exist)
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