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Warning: Your hedge fund manager’s Ferrari could harm your returns

Seeking out sensation avoiding minivan-driving fund managers could mean a better deal for investors

A Ferrari 488 Pista luxury automobile stands on display during the Paris Motor Show in Paris, France
A Ferrari 488 Pista luxury automobile stands on display during the Paris Motor Show in Paris, France Photo: Getty Images

Sugata Ray conducts the most fun research.

From his post teaching and researching at the University of Alabama, he studies disparate influences on asset management and market microstructure. He has looked at the effect of personal real estate transactions and “marital events” on the productivity and risk tolerance of hedge fund managers.

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