SAT scores and hedge fund returns

The NYT has an interesting article about high SAT scores and high returns for hedge funds.

What SAT Scores Say About Your Hedge Fund

IF investors want a performance edge in their hedge funds, they may want to do a little background research on the managers: look for those who attended colleges with relatively high SAT scores.

Funds run by such managers regularly posted higher returns, according to a study, “Investing in Talents: Manager Characteristics and Hedge Fund Performances,” which has been circulating since May as an academic working paper.