For a change, someone is celebrating the differences between men and woman. The fruit of that individuals’ labor is Pomegranate Capital, a New York-based fund of hedge funds that, according to Opalesque, is the first firm of its kind to invest exclusively in hedge funds managed by women. Founded by, a commodities trading adviser, the firm will invest in a wide range of HF strategies, including long/short equity, event driven special situations and the like, and hopes to capitalize on a specific market inefficiency – namely, that female portfolio managers tend to produce top returns with less volatility than their male peers. What these successful women also have in common is the fact that they tend to manage relatively smaller pools of money than the men. Opalesque reports that Pomegranate has already assembled a database of female managers in the U.S., Europe and Asia that run some 250 funds -- reportedly also the first of its kind -- and is inviting female fund managers to join the club.
