CNN – A fund’s alpha — the measure of how much it beats the market — falls by an annualized 8.5% around the time of a manager’s marriage, according to a study released this month by University of Florida economists. The alpha dips 7.4% during a divorce.
It’s surprising that marriage actually does more damage to a fund manager’s performance, according Dr. Sugata Ray, one of the paper’s authors.
Marriage hurts a hedge fund manager more than divorce
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