I see on the news a big uproar about a sexist comment made by Paul Tudor Jones, a big hedge fund manager. Apparently, he made the comment on a TV that women are not good hedge fund managers. I am not sure why his comment upset so many people. I understand he is a mega fund manager, but that does not make him an expert on women, equality, or diversity. According to CNN, a recent study showed that
hedge funds managed by women out perform those managed by men. Women manage only 3% of hedge funds. I would think that based on that study, funds would hire more women as managers, or, at least, more investors, including women, would seek out funds managed by women. The problem is that the people who hire managers are mostly men. This is not the first time that a very successful person expressed an opinion on a subject outside his expertise. Jones
should stick to what he knows.
I think that he really believes what he says. People who have biased opinions do not like their beliefs challenged by facts. Isn’t that the whole problem with the evolution verses creation debate? Jones’ bias is based on his values and upbringing. He reflects his own culture and society.
I think it would be good karma for any female investors in Jones’ fund to withdraw their money and invest in funds managed by women. (http://clicktotweet.com/Oea81)
hedge funds managed by women out perform those managed by men. Women manage only 3% of hedge funds. I would think that based on that study, funds would hire more women as managers, or, at least, more investors, including women, would seek out funds managed by women. The problem is that the people who hire managers are mostly men. This is not the first time that a very successful person expressed an opinion on a subject outside his expertise. Jones
should stick to what he knows.
I think that he really believes what he says. People who have biased opinions do not like their beliefs challenged by facts. Isn’t that the whole problem with the evolution verses creation debate? Jones’ bias is based on his values and upbringing. He reflects his own culture and society.
I think it would be good karma for any female investors in Jones’ fund to withdraw their money and invest in funds managed by women. (http://clicktotweet.com/Oea81)
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