Every week, we collect thought-provoking articles from around the web pertinent to women advisors.
Women in alternative investments optimistic about industry
American professional services firm Rothstein Kass has found the majority of female executives in hedge funds, private equity, and venture capital that the next 18 months would be difficult for the industry, reports The Glass Hammer. “But 61.9% said there will be more fund launches in the next 18 months than there were in the prior 18 months. Most of the women felt the fund environment would improve.”
While that’s heartening, “Only 24.9% of those polled said that it’s just as easy for women to raise capital as male managers. And almost two thirds (63.5%) agreed or strongly agreed that being a woman makes it difficult to succeed in the industry.” The study cited networking, mentorship and outreach by female role models as ways to make the path to success easier.
Women in the minority at Davos
If you attended Davos last week, you probably had trouble finding women. That’s because they only constituted 20% of attendees. And if you were looking for women speakers? Forget about it. “Women often were a minority of one on panels or not represented at all,” reports Bloomberg BusinessWeek. Sandberg was one of six co-chairs of the forum; the rest were men. Panels on the future of banking, energy supplies, international finance and global risks were among those with no women except moderators, even with a forum theme of The Great Transformation: Shaping New Models.” An audience member was brave enough to question the lack of women panelists at one session, but the moderator just responded that it wasn’t his decision.
Facebook COO Sheryl Sandberg pointed out the competitiveness of getting to Davos, saying, “Little girls are called bossy. Anyone at Davos who as a girl was called bossy? If you got to Davos you were that. I was. Success and likeability are positively correlated for men and negatively correlated for women.”
Why we do this
Why do we still need women’s initiatives? A Utah college newspaper editorial has supplied me with answer: there are still lots of educated young women whose sole goal in life is to get married. The Jane Dough stumbled upon this article written by a college newspaper edtior at Dixie State College. She’s concerned about women going to college to get their M.R.S., and although her argument against it is a bit elementary (choice line: “We, the women, can wear the pants and the skirt. Boys can only wear pants. We are just as capable of becoming successful.”), it’s sad that it even needs to be stated. Hat tip to Catalyst for highlighting this piece.