Given the choice between two funds run by two money managers, 40-year-old Jennifer and 40-year-old Michael, both with an MBA degree and four years of experience in fund managing, who would most investors entrust their money to? Michael, more likely. Why? Simply because he's a man.
Investors might not be right to prefer funds run by men, a recent study featured in the Journal of Financial Research proves. Women are every bit as good as men at running money, Melissa Frye, assistant professor of finance at the University of Central Florida in Orlando, discovered through research.