Women in the alternative investment industry lack opportunities to prove themselves, and some become discouraged, the respondents said. “Old boys’ club” was a phrase that multiple respondents used.

By William Alden (DealBook Reporter, NY Times)

An index from the professional services firm Rothstein Kass showed that female hedge fund managers produced a return of 8.95% through the third quarter of 2012. By contrast, the HFRX Global Hedge Fund Index, released by Hedge Fund Research, logged a 2.69% net return through September.

Rothstein Kass’s latest annual survey of women in alternative investments, to be released on Thursday, found that female managers had a strong track record of returns. The report, reflecting the responses of 366 senior women in the alternative investment industry, illustrates a persistent gender disparity on Wall Street while highlighting the achievements of successful women.

» Read the full article on The NY Times.