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Investor’s Chronicle: Ideas Farm – When a gap is a chasm


A study by Raghavendra Rau, Professor at Cambridge Judge Business School, and PhD Jinhua Wang, is mentioned in this article about fund management’s gender biases.

“When male managers performed well, Rau and Wang found in a study of Chinese investors, they were rewarded with heightened fund flows, and suffered withdrawals when they did poorly. Past performance, as we know, is a poor predictor of future returns. The fact that investors tend to underweight female fund manager performance is, unintentionally, a more rational approach,” the article says. (subs)

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