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'Psychotic' Hedge Fund Managers Are the Worst Investors, Study Finds
The world of hedge funds is often a cut throat one, where manipulation is often considered just a part of the game. But a new study shows that the most aggressive, ruthless traders actually do worse than the ones who try a little tenderness. The study, found in the latest issue of Personality & Social Psychology Bulletin, finds that hedge fund managers who exhibit ‘psychotic’ behavior (defined by healthcare professionals as someone who acts in a manipulative fashion for personal gain) had the worst investment records. Researchers looked at 101 top hedge fund managers, with a collective $4.6 billion under ... (full story)
