During the six-month period surrounding a hedge fund manager’s divorce, his investment performance is an annualised 4.3 percentage points lower than previously, on average, according to a Wall Street Journal report of an unpublished study of 98 marriages and 76 divorces of hedge fund managers. For two years after a divorce, performance lags by 2.3 percentage points annually when adjusted for risk, the Journal says.
(Source: The Wall Street Journal)
Published in Dawn, Economic & Business, May 4th, 2015
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