What Impact Do Women Hedge Fund Managers Have on Returns? Studies show women hedge fund managers focus more on down-side protection, which has a big impact on firm culture and returns, says Nadine Terman of Solstein Capital. Related Articles Premium Third Point Cycles Through New Top Positions as Returns Struggle Stephen Taub Organization AAAIMs Spotlight on Asian American Investment Managers II Communities on Alternative Investments Sponsored by Fidelity Investments