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A growing body of evidence suggests women make better investors than men, at least when it comes to managing risk. If a recent report from professional services firm Rothstein Kass is correct, that outperformance now also extends to hedge fund managers. An index by Rothstein Kass showed that female hedge fund managers produced a return of 8.95 per cent through the third quarter of 2012, crushing the HFRX Global Hedge Fund Index return of 2.69 per cent.
Herbalife's president says the world needs more hugs
The besieged nutrition product company's president presents an unorthodox defence of his company's structure.
Our very own Libor?
The Investment Industry Regulatory Organization of Canada has found that the process for setting Cdor, the Canadian version of Libor, is vulnerable to possible manipulation.
JP Morgan faces U.S. order to improve compliance
Sources tell Reuters that regulators are expected to order JPMorgan Chase & Co to correct lapses in how it polices suspect money flows, as regulatory bodies continue to push banks to tighten their anti-money-laundering systems.
RBS Libor fines to come out of bonuses
Royal Bank of Scotland expects to pay more than the $450-million paid by rival Barclays in the wake of the Libor scandal, and is setting aside £100-million in preparation, drawn mostly from reduced and clawed-back bonuses from those implicated in the affair.
'Value did not work, core did not work, tactical did not work'
Only 39 per cent of active managers beat the S&P in 2012
Another Chinese securities fraud story
It is only prudent for investors to start with the assumption that the books of every publicly traded Chinese company are cooked, says Bloomberg's Jonathan Weil.
B.C.'s public-sector pensions invest billions in Enbridge
While public opinion in B.C. moves against projects such as Northern Gateway and the Alberta oil sands, the B.C. Investment Management Corp. is pouring money into Enbridge.