Here’s something that puzzled me when I was the chief investment officer of New York City’s pension plan: Only 5 percent of the investment firms that managed the city’s $160 billion, and only 15 percent of the products the city invested in, were managed by women. The numbers plummeted when counting women of color or asset classes other than public equities.
Increasing women’s participation in portfolio management and executive leadership is key not just to the financial world, but society as a whole. Investment professionals are charged with making major decisions on behalf of venture capital and private equity firms, as well as managing funds invested in by corporations, governments, pension funds, endowments, foundations and non-profits. Read More