“It is a watershed moment to have multiple female-led hedge fund launches,” says Dominique Mielle, a former partner and portfolio manager at Canyon Capital and author of Damsel in Distressed: My Life in the Golden Age of Hedge Funds. “Women must outperform men if they want to stay in the business, but even when they do, investors are reluctant to entrust them with their money, thereby keeping women’s funds small. And there goes the vicious circle with women running small funds, more unstable and less relevant, hardly an ad for female investment skills. Large launches at $1 billion can break that moldy image.”
Watch my conversation with authors Ellen Carr and Katrina Dudley to discuss their new book about the low and declining numbers of women in investment management. This book was a long time coming, in my opinion. Ellen and Katrina unpack the sticking points for women entering and rising through the investment management profession, and how it is a relatively unknown career path that provides career stability, room for work-life balance, creativity, and purpose. Be sure to pick up a copy of the book whose proftis will be donated to Rock the Street, Wall Street.
There is a difference between living with a right and relying on the indulgence of a state legislature. And it is an insult to people in every state to say that they needn’t care about the liberty and well-being of people in another state who might be deprived of choice or pushed toward the sort of unsafe, illegal abortions that often cost women of earlier generations their lives. It is also notable that twenty-four states, including Arizona, Florida, Indiana, Ohio, and Texas, jointly submitted an amicus-curiae brief supporting Mississippi’s position and asking the Court to overturn Roe.
The companies said they plan to grow Spanx’s ecommerce presence, expand their product range and create an all-female board of directors to further Blakely’s goal of empowering women. To celebrate the acquisition, Blakely gave all her employees two first-class plane tickets to anywhere in the world and $10,000.
Don’t miss my conversation with Maura Cunningham, Founder of Rock the Street, Wall Street on Instgram LIVE. Monday, December 6th at 4pm ET / 1pm PT. Maura’s financial literacy program is designed to spark interest in financial careers with high school girls.