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Why Hedge Fund Managers Who Drive Sports Cars Don't Deliver Their Alpha

by cnbc.com posted 1year ago 1186 views
Fade the fund manager with the brand-new Maserati, put your faith in the one who just bought a Honda Odyssey. At least, that's what a recent research paper from a trio of finance professors, entitled "Sensation Seeking, Sports Cars, and Hedge Funds," suggests. "We find that hedge fund managers who own powerful sports cars take on more investment risk," wrote Yan Lu of the University of Central Florida,