Discover your dream Career
For Recruiters

Comment: Women in Hedge Funds

An (anonymous female) contributor explains to our London correspondent why there aren't more women in hedge funds.

I don't have a finance background - I grew up in the country and started out as a trader bidding grain before moving into financial arbitrage. From there I went to Goldman Sachs and Bear Stearns as a prop trader before setting up with a colleague in 1998. It was incredibly difficult to get people to put money into that fund. There are plenty of women in the hedge fund industry, but very few who are trading - really taking risks.

I now run a fund of funds as well as an agricultural fund. As a woman, it's hard to raise money for that too. I think it's something buried deep in the subconscious. There's something that prevents people from being totally comfortable about signing their money over to a woman. There are a lot of negatives that are applied. With a man, for example, you might dismiss something as a bad day. With a woman it's seen as a sign of instability. Women aren't seen as risk takers. Somewhere buried deep in the psychology is the notion that people don't trust us with their cash.

From my own perspective, I don't want to be seen as a "woman" in hedge funds. I just want to be seen as a good manager.

My advice to women starting out in hedge funds is: Don't take it personally if our culture still has some difficulties. There are plenty of successful and very beautiful women in sales, but if you want to be a trader, don't take it personally. Any prejudice is not aimed at you directly. Maintain your integrity and excel on your own merits.

author-card-avatar
AUTHOReFinancialCareers News Insider Comment
  • ja
    jack
    28 August 2007

    see here Anonymous, Consulting; My last post (see above) spoke of my boss who is female, gets paid more than male peers and is very qualified. When I state that she would not participate in this "whine fest" I get comments like this from Anon..Consulting: "check with her before speaking." This is another symptom of the "whiner generation". Once again, may I suggest professional therapy for those of you who (Like Consultant) think I need to consult with my boss in order to post my views about her in this forum. If you cant stand the heat, get back into the Kitchen.

  • An
    Anonymous, Phd
    27 August 2007

    Unfortunately, women face the same problem likely black people in the field. Get up on a trading floor and look arround how black women do you see even how many black men? They have to work twice harder than their white peers to strugle to have the half of their salary. We black men make the difference on performance and bonus. My advise to women is to study rocket science and be really good. You could catch up with the white tall blond men on the trading floor. On my trading floor, when it comes to algrithmic trading, I rank first before God himself. How difficult it could be to be woman and black in the square miles.

  • An
    Anonymous
    27 August 2007

    I am a quant. I have never been discriminated for being a woman at the current job, in graduate school or in academia. We are now hiring for over a year and we only have received resumes from men. My honest opinion is that women are less likely to be interested in graduate school or intellectually demanding jobs. it's not lack of intelligence, simply lack of interest.

  • an
    anon
    27 August 2007

    what a load of rubbish!

  • An
    Anonymous
    27 August 2007

    See here jack,Asset Management, before you go on posting on behalf of your boss, perhaps you should ask her to see her perspective.

Sign up to our Newsletter!

Get advice to help you manage and drive your career.

Boost your career

Find thousands of job opportunities by signing up to eFinancialCareers today.
Latest Jobs
Noah US LLC
New Business Specialist (Insurance)
Noah US LLC
Menlo Park, United States
State Street Corporation
Full-Stack Lead Engineer, AVP
State Street Corporation
Boston, United States
State Street Corporation
Vice President
State Street Corporation
Boston, United States
Standard Chartered Bank
Director - Trade Sales
Standard Chartered Bank
New York, United States
Northern Trust
Account Manager, GFO
Northern Trust
Chicago, United States
Focus Capital Markets
DevOps Systems Engineer
Focus Capital Markets
New York, United States

Sign up to our Newsletter!

Get advice to help you manage and drive your career.