Sex Matters: Gender Differences in a Professional Setting

This paper shows that gender diferences exist in a professional setting where managers have a similar educational background and work experience. Using data from the U.S. mutual fund industry the authors found that female managers are more risk averse, follow less extreme and more consistent investment styles and trade less than male managers.
Although female and male managers do not differ in average performance, female managers receive signicantly lower inflows. This suggests that they might be stereotyped as less skilled.

URL: 
http://www.cfr-cologne.de/download/workingpaper/cfr-06-01.pdf