Campus Only Senior Thesis
Bachelor of Arts
Patrick Van Horn
Previous research has consistently found that women and men invest differently. This paper will examine the impact of gender diversity and its impact on fund returns. To adequately test and answer this question, I analyzed a sample of 23,297 open-end funds that are currently operating. My results suggest that funds with women included on the management teams consistently maintained portfolios that generated higher returns with less risk. These findings support my hypothesis that gender diversity is a valuable asset to funds. It allows management teams to have a more holistic view on the markets and mitigate groupthink. Overall, this thesis highlights the inherent biases that we learn from a young age and pervades our education system, the financial markets, and more largely our economy.
Godes, Bellamy, "Diversify your Portfolio (and your Fund Managers): The Case for Investing in Funds with Diverse Leadership" (2023). Scripps Senior Theses. 2021.
This thesis is restricted to the Claremont Colleges current faculty, students, and staff.