Perhaps you’re a poker player. Perhaps not.
Bloomberg news yesterday wrote a piece on the study called Hedge Fund Hold’Em.
” Academics Yan Lu, Sandra Mortal and Sugata Ray try to answer the question in a new paper titled “Hedge Fund Hold’em.” This is part of an emerging academic interest in correlating recreational activity to business and investing success.”
” The headline result of the latest paper is that hedge fund managers who have won poker tournaments have more alpha, representing an additional 4.2 percentage points in returns per year versus 2.8 percentage points for other managers, through a combination of higher average returns and lower average risk. ” –Bloomberg
Yes, they accounted for unrelated causes and conditions.
I briefly touched on poker’s (and other skills) effect on your ability to lead in the Book of the Underdog.
Make sure you’ve read it.
