Psychopaths Aren't the Best Hedge Fund Managers After All

(American Psycho screengrab) Pretty much everyone agrees investing, whether it’s your own money or a company’s, is wise. And hiring someone to manage that investment portfolio could get you the most bang for your buck. So, who to choose? Probably someone who would do whatever it took — no matter how many friends they’d lose or people they’d leave dead and bloodied and dying along the way — to get the job done, right? In other words, a psychopath or a narcissist. (Or, if you’re Derek Zoolander, an investigatory journalist.) But a new study in Personality and Social Psychology Bulletin suggests hedge fund managers who score high on the so-called Dark Triad personality traits of psychopathy, narcissism and Machiavellianism aren’t quite as good at investing as their colleagues. A team of experts from University of Denver, University of California, Berkeley and the privately owned San Francisco investment firm TeamCoAdvisers tracked ...