Thursday, 10 January 2013

Forecasting, Benjamin Graham, and Female Hedge Fund Managers

I do not have time to go into these in great detail, but here is a collection of articles that I found very interesting.

Guru's Can't Actually Predict the Market ( Rick Ferri).

"It only took 2 years and about 200 predictions before the accuracy rating fell below 50 percent in early 2000. The cumulative accuracy has stayed below 50 percent ever since. By 2008, CXO had collected and graded more than 5,000 predictions and the rating stabilized at about 48 percent."

Examining Benjamin Graham's Record: Skill or Luck?  (Greenbackd)

Returns at Hedge Funds Run by Women Beat the Industry (Dealbook).

"An index from the professional services firm Rothstein Kass showed that female hedge fund managers produced a return of 8.95 percent through the third quarter of 2012. By contrast, the HFRX Global Hedge Fund Index, released by Hedge Fund Research, logged a 2.69 percent net return through September."

"Female financiers can have particular advantages over their male counterparts, including being more risk-averse and better able to avoid volatility, the report says. The Rothstein Kass hedge fund index, based on 67 hedge funds with female owners or managers, may be a case in point."

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