Beware ageing male hedge fund traders.
eFinancialCareers reports that the study was undertaken by academics at Monash University and Sydney University in Australia.
They visited an unnamed London-based hedge fund and scrutinized the way in which its 20 male traders aged 30-62 were handling the process of getting older. Although there were three women on the trading team (two of whom were single and none of whom had children), the academics noted the environment was overwhelmingly masculine, leading to some peculiarly male methods of dealing with creeping decrepitude.
The researchers found that the male traders’ main reaction to ageing was to exercise a lot. It was important for the traders to be fit and healthy because being fit and healthy was seen an extension of the 'testosterone-fuelled' ideal of working in finance.
The traders therefore spent a lot of time cycling or in the gym and felt compelled to talk about it and emphasize that their bodies were 'built to last' – much like their trading careers.
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image: © Maxwell GS