Hedge funds are suffering from a ‘sameness’ that’s hurting performance

Business Insider

July 13, 2016

The hedge fund industry has a well-documented performance problem .

And it’s directly connected to a lack of diversity in the industry, according to Doug Haynes, president of Steve Cohen’s investment firm, Point72 Asset Management.

“Our lack of performance,” Haynes said, “is related to sameness.”

Hedge funders are “viewing the world the same way” with investment ideas duplicated more than ever , he added, speaking at a Manhattan event on Tuesday hosted by 100 Women in Hedge Funds.

Read the full article from Business Insider.