Entrepreneurship & Small Business Development

New research indicates that women are leaving the corporate world at twice the rate of men. Many of these women are choosing to go into business for themselves. The Center for Women’s Business Research estimates that there are about 10.1 million privately-held women-owned firms in the United States, accounting for two out of every five businesses in the country. These firms generate $1.9 trillion in annual sales and employ 13 million people nationwide. In 1994, legislation was passed requiring the federal government to award a minimum of 5 percent of its contracts to women-owned businesses, a target that has never been met. There are currently no incentives, government departments or agencies tasked with enforcement and no consequences for failing to meet designated targets. Researchers in our network are working to improve guidelines and compliance to benefit women-run businesses.

Women in Fund Management: A Road Map for Achieving Critical Mass — and Why it Matters

For more than a quarter century, Re:Gender has promoted the advancement of women and girls and highlighted the benefits of women’s participation, active engagement and leadership in decision-making. In this project, the Council brings this same lens to the historically male-dominated spaces of fund management and the financial services more broadly.

Our report, Women in Fund Management: A Road Map for Achieving Critical Mass – and Why it Matters, explores the under-representation of women in the field, draws on research suggesting the benefits women can bring, and lays out concrete action steps for change. Specifically, we call on the financial services industry to develop a “critical mass principle” with quantifiable benchmarks and guidelines for increasing the number of women at all leadership levels.

At this time of historic challenge and change in the financial services industry, the problems are myriad and daunting – but the opportunities are equally huge. We must seize those opportunities and create a more stable, sustainable system – one that includes women as well as men. We hope you will join us in this project as we move forward and press for needed change.

Click here to download the press release.

Click here to download a pdf of the report.

Click here to download HFR data on women-managed funds.

Co-sponsors:
85 Broads
Demos
Financial Women’s Association
The White House Project

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For more than a quarter century, Re:Gender has promoted the advancement of women and girls and highlighted the benefits of women’s participation, active engagement and leadership in decision-making. In this project, Re:Gender brings this same lens to the historically male-dominated spaces of fund management and the financial services more broadly.

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