NEW YORK - Women advisors are more risk averse than their male counterparts and, in the wake of the financial crisis, that has proven to be a good thing.

Cathy Smith of Allianz Global InvestorsÂ’ center for behavioral research told an audience of 200 advisors at the Women Advisors Forum on Wednesday that women portfolio managers and hedge fund managers have outperformed men over the past five years. Smith said this is a result of the fact that women are more risk averse and tend to hold less risky portfolio positions.

Register or login for access to this item and much more

All On Wall Street content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access