100 Women in Finance

Last updated
100 Women in Finance
Company type Non-profit organization
Founded2001
Headquarters New York, NY
Key people
Carol Kim, Dana Hall, Sarah Dyer (co-founders) and Amanda Pullinger, Chief Executive Officer
Website 100women.org

100 Women in Finance, formerly 100 Women in Hedge Funds (100WHF), is a non-profit organization for professionals who work in the alternative investment and broader finance industry. The organization aims to strengthen women's presence in the finance field by supporting women at each career stage to achieve their career goals. [1] Actual membership comprises more than 30,000 professionals in 32 locations. [2] [3] Professional members advocate for a new generation of leadership, where women and men are equally successful and impactful in their roles as investment professionals and executives. [1]

Contents

History

Sarah Dyer, Dana Hall, and Carol Kim were hedge fund managers who initiated an innovative idea of gathering one hundred senior women investment professionals to build professional relationships where they could enhance their communication and share their ideas and experiences in the alternatives industry. The idea bore fruition when they founded 100 Women in Finance in December 2001 and launched its inaugural event 100 Women in Hedge Funds in New York to educate professionals in the industry about this organization's goals. As the organization grew in the ensuring months, three areas were identified where collaboration could be made to impact the industry and beyond: Peer Engagement, Philanthropy, and Education. [4]

The organization has hosted more than 600 education events globally. Its philanthropic mission focuses on three areas: mentoring, women's and family health, and education. The organization has raised over $40 million gross for various charities. [5]

The organization has been a vanguard in working for a world in which women get an equal opportunity in the highly competitive world of Hedge Funds. [6] The organization frequently holds events for its members to gain insight from other accomplished participants in the field, such as the June 2012 event in New York City, “Up Close and Personal with Eileen Murray,” featuring the CEO of Bridgewater Associates. [7]

In 2010, Prince William of Wales became the Patron of 100 Women in Hedge Funds. [8] In late 2012, it was announced that William, by then Duke of Cambridge; his wife Catherine (then Duchess of Cambridge); and his brother Prince Harry would all be Patrons of 100WHF's Philanthropic Initiatives beginning in January 2013. [9]

In December 2012, Ivanka Trump, Executive Vice President for Development and Acquisitions for The Trump Organization, was announced as one of four new board directors, highlighting what Mimi Drake, president of Permit Capital Advisors and global chair of the 100WHF Association Board, referred to as the organization's "deepening of [its] senior practitioner base to include family office leadership, private equity investors, real estate investing and women on corporate boards." [10]

What began as a simple notion grew into a powerful mission that reverberated through the industry. Professionals from various segments of the industry – from hedge funds to alternative investments – became members. Staffed by more than 500 active volunteers in 28 locations, the model of the non-profit was that the organization's activities would be member- and practitioner-driven. To date, it has organized more than 1,000 educational events. Further, through funding initiatives, the non-profit's network of professionals raised more than $55 million gross to support other non-profit organizations whose mission goals were also aligned with 100 Women in Finance. The organization has become the network for connecting women, knowledge, and resources so each woman can find her own path to success. [4]

Annual Gala Dinner

Every year, 100 Women in Finance holds Gala fundraising events worldwide at which they honor a woman who has played a leading role in the Alternatives or broader Financial industry, as well as someone who has made a difference in the world of philanthropy.

Past industry leadership awards have gone to: Geraldine Sundstrom [11] (London, 2010), Dorothy Weaver [12] (New York, 2010), and Sonia Gardner [13] (London, 2008). Past effecting change awards have gone to: T. Boone Pickens (2010), Joel Klein (2009), Ken Langone (2008), Julian Robertson (2007) and Carl Icahn (2006).

Cayman Gala

On Friday, May 6, 2022, 100 Women in Finance (100 WF) will be hosting its Eighth Annual Barefoot Beach Fundraising Gala at the Kimpton Seafire Resort and Spa Beach Deck. The profits generated from this fundraising will support 100WF's Investing in the Next Generation Initiatives that provide a variety of services for women in the 13-25 age group, such as career development, scholarships, and mentorship.

During the last ten years,[ clarification needed ] 100WF has fundraised more than $300,000 for various non-profit organizations in the area, including Big Brothers Big Sisters, Breast Cancer Foundation, Cayman Islands Crisis Centre, Inclusion Cayman, Literacy Is For Everyone and GirlForce 100. GirlForce 100 is a mentorship program for young female students who have proven to possess the ambition, commitment, drive, and potential to be successful academically and professionally, also benefited from these funds. GirlForce 100 creates mentor-mentee relationships whereby mentees are guided in chartering their paths towards future successful careers. [14]

New York Gala

The New York Gala, which was held by 100WF on November 15, 2019, revealed that its fundraising resulted in gross proceeds that exceeded $1.1M USD to support its investing in the Next Generation Initiative. [15]

London Gala

At the London Gala which was held on April 7, 2022, the 100WF organization reported that its fundraising netted gross proceeds which exceeded £400K to benefit its Investing in the Next Generation Initiative. The event was attended by almost three hundred industry professionals. The Group Treasurer, UK Chief Executive & Chief Transformation Officer of UBS Group AG, Beatriz Martin, was acknowledged for her leadership and achievements in the financial services industry via 100WF's EMEA Industry Leadership Award. This award is given away every year to a female leader in the financial services industry, one who has demonstrated exceptional career talent, ethical leadership, and possesses dedication for investing, attributes that would help drive and enhance the standards of excellence of the industry. [16]

Hong Kong Gala

100WF held the 7th Annual Hong Kong Gala on October 22, 2019, where the organization declared that its fundraising resulted in gross proceeds of HKD 4.4M to benefit its Investing in the Next Generation Initiative. These proceeds will support partner organizations in Hong Kong, including the Hong Kong Award for Young People, and the Women's Foundation of Hong Kong, through funding student programs that align with the Next Generation initiative's vision. [17]

Toronto Gala

on November 18, 2019, Toronto Gala announced that its fundraising resulted in gross proceeds that exceeded CAD 80K to benefit its Investing in the Next Generation Initiative. [18]

Partnerships

1. Black Hedge Fund Professionals Network (BHFPN)

100 Women in Finance established a partnership with Black Hedge Fund Professionals Network (BHFPN), a New York-based non-profit organization, in February 2021. The mission of BHFPN, which was launched in 2019, is aligned with100WHF in that it seeks to enhance the hedge fund professional careers of members of the black and brown communities. This was the second time in recent months that 100WF has partnered with another organization to help promote the professional careers of people of color, by supporting those who are just starting out their careers in the finance industry, through membership and reciprocal support, speaker referrals, and co-programming. [19]

2. The United Nations Capital Development Fund (UNCDF)

100 Women in Finance partners with the United Nations Capital Development Fund (UNCDF) in April 2021. Again, similar to 100WF's mission, UNCDF seeks to support and advance the careers of women in the finance industry in Africa, by providing mentorship, networking, and access to leadership resources. The UNCDF-100WF partnership will empower women across Africa who are either already finance professionals or interested in pursuing careers in the finance industry. [20]

Top Stories

100 Women in Finance organization has been operating for twenty years and will celebrate this milestone with activities that show their appreciation for those volunteer members who helped to develop it into the foremost organization committed to advancing the visibility and position of women within the finance industry worldwide. When it was first established in 2001, the 100 Women in Finance created its three pillars which are: Education, Impact, and Peer Engagement which provide the organization with a mission imbued with achievement, confidence, and purpose that will serve to propel its growth in the next two decades so as to reach its Vision 30/40 goals. Their mission is to create a finance industry that is more diverse and equitable to both men and women. This, according to the organization's CEO, Amanda Pullinger, is only the start of the organization's efforts towards achieving their industry goal, which is Vision 30/40, where thirty percent of senior investment and committee executives will be women by the year 2040. Reaching this goal requires the organization to promote their membership and encourage the visibility of women employees in the finance industry, encourage diverse perspectives, and support the infusion of new blood into industry leadership. [21]

News

The "100 Women in Hedge Funds/CAIA Scholars" program is offered annually to up to 10 individuals who have an interest in pursuing a career in alternative investment management, with a specific focus on portfolio management. This scholarship initiative, offered by the 100 Women in Hedge Funds Institute through the sponsorship of Pacific Alternative Asset Management Company, LLC (PAAMCO), was established to attract and reward rising female talent in the alternative investment field.

In June 2012, The Chartered Alternative Investment Analyst (CAIA) Foundation announced receipt of the CAIA Charter by the first two members of the inaugural class of the 100 Women in Hedge Funds/CAIA Scholars program. [22]

100 Women in Finance has also created a mentor-mentee program called "LaunchMe". In this program, the member becomes a mentee and is connected with one of 100WF's global members, an individual who is employed full-time in the finance industry, who then becomes the mentor. The mentor will share her views on diverse careers within the finance industry and advise the mentee on how to grow her professional network. Furthermore, the mentee will also be added to an exclusive list of candidates who would be considered qualified for potential employment in summer and full-time positions within the industry. The mentor will serve as a positive role model to coach the mentees on career skills development and planning and provide them with resources about industry insights, using her own experience and perspectives as a guiding force. This program will also conduct webinars where industry mentors become the advocates for member mentees by sharing their insights on leadership and self-development. [23]

100 Women in Finance is supporting Ukrainian women who fled Ukraine due to Russia Invasion. The organization is giving a one-year complimentary membership to Ukrainian women, which may include female college students, to support their efforts to obtain guidance or secure employment in the finance industry. [24]

Related Research Articles

A hedge fund is a pooled investment fund that holds liquid assets and that makes use of complex trading and risk management techniques to improve investment performance and insulate returns from market risk. Among these portfolio techniques are short selling and the use of leverage and derivative instruments. In the United States, financial regulations require that hedge funds be marketed only to institutional investors and high-net-worth individuals.

In the field of finance, private equity (PE) is capital stock in a private company that does not offer stock to the general public. Private equity is offered instead to specialized investment funds and limited partnerships that take an active role in the management and structuring of the companies. In casual usage, "private equity" can refer to these investment firms rather than the companies that they invest in.

<span class="mw-page-title-main">Venture capital</span> Form of private-equity financing

Venture capital (VC) is a form of private equity financing that is provided by firms or funds to startup, early-stage, and emerging companies that have been deemed to have high growth potential or which have demonstrated high growth. Venture capital firms or funds invest in these early-stage companies in exchange for equity, or an ownership stake. Venture capitalists take on the risk of financing risky start-ups in the hopes that some of the companies they support will become successful. Because startups face high uncertainty, VC investments have high rates of failure. Start-ups are usually based on an innovative technology or business model and they are usually from high technology industries, such as information technology (IT), clean technology or biotechnology.

<span class="mw-page-title-main">Fundraising</span> Process of gathering donations

Fundraising or fund-raising is the process of seeking and gathering voluntary financial contributions by engaging individuals, businesses, charitable foundations, or governmental agencies. Although fundraising typically refers to efforts to gather money for non-profit organizations, it is sometimes used to refer to the identification and solicitation of investors or other sources of capital for for-profit enterprises.

Chartered Alternative Investment Analyst (CAIA) is a professional designation offered by the CAIA Association to investment professionals who complete a course of study and pass two examinations. The "alternative investments" industry is characterized as dealing with asset classes and investments other than standard equity or fixed income products. Alternative investments can include hedge funds, private equity, real assets, commodities, and structured products.

Growth capital is a type of private equity investment, usually a minority interest, in relatively mature companies that are looking for capital to expand or restructure operations, enter new markets or finance a significant acquisition without a change of control of the business.

<span class="mw-page-title-main">Bridgewater Associates</span> U.S. based investment management firm

Bridgewater Associates, LP is an American investment management firm founded by Ray Dalio in 1975. The firm serves institutional clients including pension funds, endowments, foundations, foreign governments, and central banks. As of 2022, Bridgewater has posted the second highest gains of any hedge fund since its inception in 1975. The firm began as an institutional investment advisory service, graduated to institutional investing, and pioneered the risk parity investment approach in 1996.

<span class="mw-page-title-main">Wellington Management Company</span> American investment management firm

Wellington Management Company is a private, independent investment management firm with client assets under management totaling over US$1 trillion based in Boston, Massachusetts, United States.

Form 13F is a quarterly report filed, per United States Securities and Exchange Commission regulations, by "institutional investment managers" with control over $100M in assets to the SEC, listing all equity assets under management.

PAAMCO American institutional investment firm focused on hedge funds

Pacific Alternative Asset Management Company, more commonly known as PAAMCO, is an institutional investment firm focused on hedge funds headquartered in Newport Beach, California with an office in London. Their clients include large public as well as private pension plans, financial institutions, endowments and foundations.

Preqin Ltd. is a privately held London-based investment data company that provides financial data and insight on the alternative assets market, as well as tools to support investment in alternatives. By the company's own definition, its data encompasses private capital and hedge funds, including fund, fund manager, investor, performance and deal information. The asset classes it covers are: private equity, venture capital, hedge funds, private debt, real estate, infrastructure, natural resources and secondaries.

<span class="mw-page-title-main">Financial Women's Association</span>

The Financial Women's Association (FWA) is a New York-based network of female professionals from various sectors of the financial world. Founded in 1956, the FWA is a professional organization focused on enhancing the role of women in finance, as well as fostering the development of young female leaders. The FWA serves its members through educational programs and networking opportunities, and it serves the community through its nationally acclaimed scholarship, mentoring and training programs.

The Emory Center for Alternative Investments is a part of the Goizueta Business School at Emory University. The Center seeks to provide independent research to the Alternative Investments Industry through papers, conferences, and education. The Center primarily focuses on the needs of Institutional Investors as they navigate the many options available in the Alternative Investment Industry but also partners with asset managers to conduct research in an effort to remain objective. The Center for Alternative Investments focuses on hedge funds, Private Equity, Venture Capital, and Real Estate.

<span class="mw-page-title-main">Amanda Pullinger</span>

Amanda Pullinger is the Founder and Principal of Global Female Investors Management LLC, a global advisory firm focused on providing strategic and practical talent, career and business solutions aimed at increasing the number of female investors across asset classes. The Global Female Investors Network serves female risk takers across asset classes, enabling global connectivity to peers, and access to career and business opportunities. She is the Former Chief Executive Officer of 100 Women in Finance, previously 100 Women in Hedge Funds. Pullinger led the organization in its growth from a few hundred members in New York to 30,000 registered members in 32 locations across five continents. 100 Women launched its new name and branding at the Closing Bell of the NYSE on December 14, 2016. In 2009, she succeeded in bringing in Britain’s Prince William as the Patron of 100 Women in Hedge Funds. Pullinger welcomed William and his wife Catherine to the 100WHF's London Gala in 2011. In late 2012, it was announced that the Duke and Duchess of Cambridge and Prince Harry would all be Patrons of 100WHF's Philanthropic Initiatives beginning in January 2013. In October 2013, a day after the christening of Prince George, Pullinger welcomed the Duchess of Cambridge to 100WHF's London Gala for the benefit of Action on Addiction. She then welcomed the Duchess of Cambridge to 100WHF's 2015 Gala in London for the benefit of The Art Room.

Lars Jaeger is a Swiss-German author, entrepreneur, financial theorist, and alternative investment manager. He writes on the history and philosophy of science, technology, and has in the past been an author on hedge funds, quantitative investing, and risk management. In his widely read blog as well as other media he frequently writes on issues concerning scientific developments, new technologies, and their meaning for society. He is the author of many books on various topics. In 2014, Jaeger published a universal history of science, and in September 2016 a book on the interplay of science and spirituality. His next book "Supermacht Wissenschaften" outlines scenarios of mankind's technological future. His 2018 book "The Second Quantum Revolution - From Entanglement to Quantum Computing and Other Super-Technologies" deals with the latest quantum technologies. His 2019 book "Mehr Zukunft wagen" is a confrontation with the impending technological upheavals that lead to what Jaeger calls “The Human Crisis”. In 2020 he published "Sternstunden der Wissenschaft. A Success Story of Thinking" in which he describes the triumph of science on the basis of four essential intellectual virtues. His 2021 book "Ways Out of the Climate Catastrophe - Ingredients for a Sustainable Energy and Climate Policy" provides an outlook on a possible climate-friendly economy of the future. In 2022 Jaeger published two books: 1. "Emmy Noether - Her rocky Path to the topf of Mathematics" and 2. "The Stumbling Progress of 20th Century Science - How Crises and Great Minds Have Shaped Our Modern World". The first gives a biography - readable also for non-mathematicians - of the greatest female mathematician in history. The second books describes the revolutionary development of ALL sciences from around 1880 to 1950.

<span class="mw-page-title-main">Sonia Gardner</span> American businesswoman (born 1962)

Sonia Gardner is an American businesswoman, hedge fund manager and the co-founder of Avenue Capital Group.

Jane Buchan is the Chief Executive Officer of Martlet Asset Management, LLC.

Jeffrey Marc Talpins is the founder and Chief Investment Officer of New York-based hedge fund, Element Capital Management. He is a “macro” trader who uses options to try to capture the upside of — and limit potential losses from — strategies aimed at anticipating global economic shifts.The Wall Street Journal referred to Talpins as “the hedge fund king you’ve never heard of” and “the hottest investor on Wall Street."

Dawn Fitzpatrick is an American investment banker and financial officer based in New York City. She is known for her work as a hedge fund manager and as the Chief Executive Officer (CEO) & Chief Investment Officer (CIO) at Soros Fund Management.

Gregg S. Hymowitz is chairman, chief executive officer and founder of EnTrust Global, a diversified alternative investment firm.

References

  1. 1 2 "United Nations Capital Development Fund (UNCDF) announces its partnership with 100 Women in Finance". www.uncdf.org. Retrieved 2022-03-13.
  2. ↑ "100 Women in Finance Info Sheet" (PDF).
  3. ↑ "IMN Women In Thought Leadership (October, 2021)". Information Management Network. Retrieved 2022-03-13.
  4. 1 2 "History". 100 Women In Finance. Retrieved 2022-03-13.
  5. ↑ Ricardo Kaulessar (November 16, 2012). "100 WHF Holds Annual Gala, Colbert Makes Appearance". evestment.[ permanent dead link ]
  6. ↑ Binkley, Christina (April 2, 2009). "Cracking the Hedge-Fund Dress Code for Women". The Wall Street Journal.
  7. ↑ "100 WOMEN IN HEDGE FUNDS "UP CLOSE AND PERSONAL WITH EILEEN MURRAY."". Latham & Watkins LLP.
  8. ↑ "Prince William to become Patron of 100 Women in Hedge Funds". The Prince of Wales. October 22, 2009. Archived from the original on 2012-01-13. Retrieved November 13, 2011.
  9. ↑ "Kate Middleton to become patron of 100 Women in Hedge Funds". Daily Mirror . November 2012.
  10. ↑ "Say What? Ivanka Trump Joins 100 Women in Hedge Funds Board". HedgeFund Intelligence. December 7, 2012.
  11. ↑ "Geraldine Sundstrom of Brevan Howard to receive industry award". Hedgeweek. June 28, 2010. Retrieved November 13, 2011.
  12. ↑ "Dorothy C. Weaver". Forbes Online. Archived from the original on January 23, 2013. Retrieved November 13, 2011.
  13. ↑ Margarita Shelley-Smith (15 July 2008). "100 Women in Hedge Funds Honors Sonia Gardner of Avenue Capital Group". the Glass Hammer. Retrieved November 14, 2011.
  14. ↑ "100 Women in Finance to host gala in May 2022 | Loop Cayman Islands". Loop News. Retrieved 2022-04-19.
  15. ↑ "100 Women in Finance Raises $1.1 million for its Investing in the Next Generation Initiative at 2019 New York Gala". 100 Women In Finance. Retrieved 2022-04-19.
  16. ↑ "100WF London Gala 2022 was a great success!". 100 Women In Finance. Retrieved 2022-04-19.
  17. ↑ "100 Women in Finance Raises HKD 4.4 million for its Investing in the Next Generation Initiative at Hong Kong Gala on October 17, 2019". 100 Women In Finance. Retrieved 2022-04-19.
  18. ↑ "Toronto's Finance Community Supports 100WF's Investing in the Next Generation Initiative at Gala Breakfast". 100 Women In Finance. Retrieved 2022-04-19.
  19. ↑ "100 Women in Finance and Black Hedge Fund Professionals Network Partner to Support Black and Brown Professionals in the Hedge Fund Industry". 100 Women In Finance. Retrieved 2022-03-28.
  20. ↑ "United Nations Capital Development Fund (UNCDF) announces its partnership with 100 Women in Finance". www.uncdf.org. Retrieved 2022-03-28.
  21. ↑ "100 Women in Finance Opens the Market". www.yahoo.com. Retrieved 2022-04-18.
  22. ↑ "First Two "100 Women in Hedge Funds/CAIA Scholars" Earn CAIA Charter". PR Newswire. June 12, 2012.
  23. ↑ "Introducing LaunchMe, a New 100WF Program for College Students to build relationships with finance professionals". 100 Women In Finance. Retrieved 2022-04-18.
  24. ↑ "Support for Women of Ukraine". 100 Women In Finance. Retrieved 2022-04-18.
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