Naissance Capital 'Women's Leadership' Fund
A fund has launched recently which will be investing in companies with large numbers of Women at the top, or as their website puts it "using gender diversity as a decisive criterion".
Is there an edge to be gained in investing in these kind of companies? We think so, and we’re the first to do it.So says the project manager of this fund who is, of course, a man called Daniel. So... Has this been done before? Well Daniel is wrong - it has been done before by an outfit called the Amazone Euro fund. How did they do? Well they underperformed their benchmark, and as a result nobody was interested in investing in them. €18 million under management became €3 million now.
The women's leadership fund may be backed by Tony Blair's wide-mouthed wife, but it's only got €1m under management, which to put things in context is considerably less than I manage. Let's leave the last word to a senior female executive, somewhere in Europe quoted in the FT.
It must be very hard to prove any connection between female leadership and results...Quite.
1 immoderate opinions:
But isn't this the perfect riposte for the "women are underpaid" and "women are better managers" drivel.
Such harpies need not attack men. They can merely invest in such funds and have the last laugh as the cash comes rolling in.
Of course this would only work if the fembots are correct.
BTW, do you think a Men's Investment Fund would actually get FSA approval?
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