Why Wall Street needs more women

From CBS News, yet more evidence that women are better at investing than men:  "A recent report showed that while all hedge funds had an annual return of almost 6 percent, hedge funds run by women did better with a return of 9 percent.   And during the downturn last year, while all funds dropped 19 percent, funds run by women went down just below 10 percent."  A difference of 9 points is HUGE - It means women fund managers performed nearly twice as well as their male counterparts.  Why would this be?  "In fact, scientific studies have found that men take more risks in response to peer pressure than women and that there's a direct link between increased testosterone and a willingness to take risks," according to the CBS News article. 

Previous research on women and financial management:

New Research:  Do investors prefer female CFO's?

Women make better investors

Can we finally dispense with the ridiculous stereotype that women are bad at math?!