In the past year, the industry witnessed the launches of the two largest-ever women-led hedge funds (by AUM), and some prominent industry firms named women to C-suite level roles. In this year alone, Man Group announced a new female CEO and Bridgewater, the industry's largest hedge fund, announced a new female co-CIO.
Simultaneously, investors continue to value greater diversity in their roster of managers. Our Prime Services team recently surveyed investors to gauge their interest in women-led strategies. Among the respondents, 73% reported that women-led strategies were represented in their portfolios and 22% said they had increased the percentage of women-led strategies in their portfolios over the last five years.
Survey respondents also reported seeing increased demand and interest from their clients to include more women-led strategies in their overall allocation. The biggest challenge to doing this, they noted, has been the limited universe of women-led funds to date.
I recently spoke with several women leaders in the alternative investments industry to discuss this trend and learn about their strategies for cultivating, developing and including more women and women-led strategies in their firms’ offerings. Sharing their views were:
- “The Allocator” – Tetiana Kyslytsyna, Asset Manager, UBS Wealth Management
- “The Quant” – Michele Aghassi, Principal and Portfolio Manager, AQR Capital Management
- “The Portfolio Manager” – Dagney Maseda, Senior Portfolio Manager, SSI Investment Management.