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Fifty Leading Women in Hedge Funds 2020

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Fifty Leading Women in Hedge Funds 2020 I N A S S O C I A T I O N W I T H 50 LEADING WOMEN IN HEDGE FUNDS 2020 50 LEADING WOMEN IN HEDGE FUNDS 2020 Introduction HAMLIN LOVELL, CONTRIBUTING EDITOR, THE HEDGE FUND JOURNAL his is the eighth edition of our managers of all time – according to LCF Edmond 50 Leading Women in Hedge de Rothschild analysis – namely Bridgewater Funds report and is published Associates and Lone Pine. The two Lone Pine in association with EY for the women in this year’s report are two of the three seventh time. Whilst Covid-19 portfolio managers who succeeded Lone Pine’s has denied us the opportunity founder Steve Mandel. Three of the report’s to host accompanying events discretionary equity portfolio managers specialize in London and New York, at in the healthcare and biotechnology sector, which least this year, the professional achievements has attracted more attention this year for obvious Tof the women featured in this year’s report reasons. Four of the investment professionals shine through, nonetheless. We are so pleased work for systematic and quantitative hedge fund An analysis of the S&P to be publishing this report just a few days after managers, which is notable given the general Kamala Harris made history by becoming the dearth of women in STEM. Another noteworthy first female, first black and first Asian-American cluster is three women managing multi-billion Composite 1500 found US Vice-President-elect. s the leading global evidence is clear. Having more amounts in liquid credit strategies. that firms with women provider of services women in senior roles helps Previous reports have sometimes repeated Women in the report sit on a wide variety of to alternative funds, businesses to innovate and two or three names from earlier reports, most A committees including: management, operating, at the top were worth on EY is proud to sponsor this perform better. notably where the women in question have executive, risk management, compliance, edition of the 50 Leading enjoyed a significant promotion – either within brokerage, conflicts, technical standards, capital average $40 million more EY is a leader in innovation their current firm or as part of a move to a new Women in Hedge Funds allocation, steering, valuation and ESG. Some firm – or have founded their own firm. With one report. We congratulate this and for its exceptionally women sit on as many as five committees. than those without. exception, all the women featured in this year’s extraordinary and inspiring diverse and inclusive culture. Many of the honorees also sit on diversity and report are new names. group of honorees who have Continuing to put purpose inclusion councils or committees. These often been selected by The Hedge into practice, EY is one overlap with a proliferation of affinity groups and However, a good number of the firms featured Fund Journal. In this incredibly of the first professional networks, which can cover: women, parenting, in this year’s report have provided honorees challenging year, one that saw services organizations to LGTBQ, disabilities, and multiple ethnic and/or A diverse workforce is one dimension of internal before. Firms such as BNP Paribas, Bridgewater the Covid-19 global pandemic, launch talent programs for racial groups, which can include Black/African/ ESG/CSR policies, and several women on both Associates, Citadel, D. E. Shaw, GAM Systematic unforeseen natural disasters neurodiverse individuals, such Caribbean, Hispanic or Latin, and others such as the investment and non-investment sides were Cambridge, Millennium Management, Northern and social unrest across the as people with autism. Our multicultural. These groups may sometimes exist keen to talk to us about their respective firm’s Trust, Pictet Asset Management, Point72, world, we especially want to Neurodiversity Centers of exclusively for employees, but increasingly they evolving ESG policies. These can range from Simmons & Simmons and Tudor Investment commend these women on Excellence, in locations across are also reaching out into the wider community customized mandates excluding certain sectors to Corporation have featured before, largely because their achievements during the US, further galvanizes the for different reasons: sometimes they dovetail engagement with companies. Some firms are even these firms seem to be particularly good at hiring this period of disruption and EY commitment to diversity, with corporate or personal philanthropy or publishing their own ESG related research. This and promoting lots of women into senior roles. uncertainty. inclusion and belonging — and voluntary work, and in other cases the objective is clearly a growth area, not least as opinion polls In this year’s report we also feature women from demonstrates they are critical is to promote more diverse recruitment. Hiring suggest that female investors are more concerned firms who last featured some years back, namely According to EY research, factors to business innovation drives may centre around universities but they about ESG. Angelo Gordon (in 2010) and Brevan Howard (in gender-diverse leadership and a better working world. can also start earlier to pique young people’s 2013). is closely linked to an interest in studying STEM or finance related The standard disclaimer applies. This organization’s ability to Please join us in subjects. alphabetically ordered report is not a ranking Firms appearing in this report for the first per se, but rather a selection of senior women innovate and to generate congratulating the truly time include Beach Point Capital Management, Advanced university study is a rarity in the who should serve to inspire others. As a trade profits. An analysis of the exceptional women featured Capstone Investment Advisors, Dalton list. The plurality of the fifty did not pursue publication, occasionally we have to overlook S&P Composite 1500 found in the 50 Leading Women in Investments, Houlihan Lokey, Indus Capital, university study beyond bachelor’s level, and the women whose employers eschew any media that firms with women Hedge Funds 2020 report. As Janus Henderson, LibreMax Capital, Lone Pine, MBA remains the most frequent postgraduate coverage. Many of those omitted from this report at the top were worth on they thrive in their roles, these M&G, Mudrick Capital, Odey Asset Management, qualification. There are at least four CFA are worthy candidates and may well feature in One William Street, Quantica and Quantitative average $40 million more than leading women are not only charterholders and two CAIA charterholders on future reports. We have also received a large Brokers. those without. Meanwhile, making a mark in this industry; the list, which only contains three women with a number of nominations for women who do not the Peterson Institute for their success and visibility PhD: one economist, one quantitative portfolio yet seem quite senior enough, but they could well Some 23 of the women featured this year are International Economics found are paving the way for more manager and a valuation expert. “graduate” to leading women status quite soon investment professionals, whilst 27 are in non- that boards with 30% or women and underrepresented as they ascend the career ladder. Many female investment roles including compliance, legal, more women could add up to professionals to follow their New York and London are unsurprisingly the portfolio managers running very small amounts audit, operations, finance, administration, sales, 6% to their net margins. The path. most popular locations but we have cast the net of money (sometimes outside a fund or corporate marketing and investor relations. into Baltimore, Boston, Chicago, Connecticut, structure) could also be considered if they grow Minneapolis and Los Angeles in the US; Dublin assets, form or join a firm. We are keen to monitor Three of the women in this year’s report work and Zurich in Europe, and Beijing, Hong Kong and such women – and we may be able to feature them for two of the most profitable hedge fund Singapore in Asia to identify these names. in future reports. 2 3 50 LEADING WOMEN IN HEDGE FUNDS 2020 50 LEADING WOMEN IN HEDGE FUNDS 2020 Kathryn Alexander Alexandra Krystal Head of Data Initiatives and Relationships, Global Quantitative Managing Director and Head of US Prime Services Sales and Capital Strategies, Citadel, New York Introduction, CIBC, New York Sarah Alfandari Samantha Levenstein Chief Executive Officer, Dalton Investments, Los Angeles Director of Investor Relations, Beach Point Capital Management, New York Janet Joyce Arzt Cindy Ma President, Mudrick Capital Management, New York Managing Director and Global Head of Portfolio Valuation and Fund Advisory Services, Houlihan Lokey, New York Mary Ann Betsch Managing Director, Financial Control, Citadel, New York Joy G. Mashaal Managing Director, Senvest Management, Los Angeles Samantha Bower Head of Business Development and Investor Relations, Macro Nicole McLean Investment Business, M&G Investments, London Executive Director, Trading, Campbell & Company, Baltimore Arancha Cano Surbhi Mehta Managing Director and Portfolio Manager, Wellington Managing Director, Investor Relations and Product Development, Portfolio Management, London Manager Recruiting, Tudor Investment Corporation, Stamford, Connecticut Natalia Chefer Fiona Mulligan Managing Director and Co-Head, Discretionary Macro, The D. E. Global Product and Client Solutions Manager, Hedge Fund Services, BNP Shaw Group, New York Paribas Securities Services, Ireland Kathy Choi Sara Nainzadeh
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