Meet Jamie Zimmerman. She runs a hedge fund that trades distressed securities. And, gasp, she has breasts--a noteworthy distinction indeed, according to the Wall Street Journal: "While there are no hard figures [nice choice of words, guys--ed.], industry observers say that women run money at only 50 or so out of a pool of 8,000 hedge funds -- less than 1%." Turns out the estrogen level is quite a bit higher in the mutual fund industry: Morningstar lists roughly 500 women portfolio managers of the 6,000 or so funds in its database, or about 8.4%. The Amherst College/Michigan Law grad thinks the whole gender thing is a non-issue: "It's irrelevant," she says. "It just wasn't a factor in anything I did in my life."
A Hedge Fund Run by a Woman [WSJ Online]
Forgot to include this:
“Over the past three years, Litespeed has returned 60.7%; over the same period, the HRFI distressed-hedge-fund category benchmark was up 20% and the Standard & Poor’s 500-stock index gained 16.7%. Through Sept. 30, the fund is up 1.9% for 2005.”
Too bad this woman spends all her time making money and doing what she wants and none of it with her children.
This woman’s priorities seem unfortunate. Everything’s all about herself and making money. Children and family life appear not to make her radar screen
Next entry: Carving Up the Pie: Too Much To Go Around at Goldman
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