"Nothing is stronger than an idea whose time has come,” wrote Victor Hugo, author of the classic Les Misérables. Much the same applies to the premium placed on the attributes that female portfolio managers bring to investing.
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Traditional star culture has withered on the vine. Since the 2008 crisis, most active managers worldwide have underperformed against benchmarks after costs. Success, when it occurred, did not necessarily persist in subsequent years.
https://www.ft.com/content/ee089f25-fb0d-3b08-91af-9495f24c5cd7
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