Despite the expansive gender gap in investment management, research suggests that the small universe of women managing assets are dramatically outperforming their benchmarks, most notably in down markets. This article highlights NCRW's Women in Fund Management report, exploring gender differences in risk management, and asking women fund managers to respond to the research results. Finally, the article explores why so few women reach the upper ranks of fund management, and ways to encourage more women to enter the industry.
Women voters are fed up with the state of America’s leadership, and are ready to elect a female president. The Daily Beast's Amy Siskind discusses why Sarah Palin—or someone else—needs to step up and capitalize on women’s outrage.
The question is where these women voters will go in 2012. Health-care reform has been an awakening for women of all political stripes, a realization that neither the Democratic Party nor the Republican Party is the party for women. Will concern for our bodies and our children’s future be the agitator for women finally demanding a leader who understands these issues firsthand: a woman president?
U.N. Secretary-General Ban Ki-moon's decision to appoint a 19-member, all-male high-level advisory group on Climate Change Financing (CCF) has triggered strong protests from women's groups and non-governmental organisations (NGOs) outraged by the composition of the panel.
The new panel was announced on Mar. 12 when the United Nations, ironically, concluded a two-week meeting on gender empowerment.
As women anchors become more visible in some of the top spots in broadcast news, it is depressing to learn that NPR – that bastion of less histrionic reporting – is generally disinclined to consult women experts in their reports. Indeed, only 26% of NPR’s sources are women. As Jehmu Greene, President of the Women’s Media Center, commented
Women in life sciences research still earn less than their male counterparts, with no obvious explanation for the disparity, researchers found. After accounting for professional characteristics and publication volume, female researchers earned an average of $13,228 less per year than men, according to Catherine DesRoches of Harvard and Massachusetts General Hospital in Boston and colleagues.
Female professors were more likely to report participation in five of nine professional services activities, including serving as university administrator, member of a federal review panel, journal editor or editorial board member, chair of a university-wide committee, and officer of a professional association.
This increased time spent in nonresearch activities might help explain the decreased productivity among female faculty members of all ranks after accounting for demographic and professional characteristics.
The lower salaries for female researchers were consistent for all levels of faculty after adjustment for professional characteristics and productivity. The annual difference was $21,600 for assistant professors, $8,500 for associate professors, and $13,700 for full professors.
The wage gap between German men and women is 23%, among the widest in the EU. That is partly because though women’s participation rate is above average for Europe, many of those women work part-time. The “one breadwinner model” of family life—now updated to 1½ breadwinners—remains the cultural norm in west Germany. In a 2006 survey 27% of women aged 15 to 39 in that part of the country agreed with the statement that “family life suffers when the woman has a full-time job.” In east Germany the figure was only 9%; in France 13%.
Now the government wants to make it easier for mothers to go back to work after childbirth. The grand coalition introduced “parents’ pay”, a benefit linked to the new parents’ salaries that allows either of them to take up to 12 months off. This has started to make a difference to family life. The share of fathers taking paternity leave—normally for an extra two months—has jumped from 3.5% to more than 20%; the most doting ones, surprisingly, are in conservative Bavaria, where more than a quarter of new fathers take the benefit.
By 2013 crèche places will be available for a third of children younger than three, and children over one will be entitled to a place if the parents want it. That may be difficult to achieve in practice. Local governments, which foot part of the bill for day care, are in dire financial straits. The expansion in most states remains “grossly underfunded”, says Gisela Erler, owner of Familienservice, a company that operates crèches. She reckons it will take 20 years before the promised number of decent-quality places can be provided. But what has been put in motion, she notes, is nonetheless “a huge step”.
According to a new breed of researchers from the field of behavioral finance, Wall Street’s volatility is really driven by our body chemistry. It’s the chemicals pulsing through traders’ veins that propel them to place insane bets and enable bank executives to make risky decisions—and those same chemicals tend to have the same effect on everyone, turning them into a herd of overheated animals. And because the vast majority of these traders and finance executives are men, the most important chemical in question is testosterone.
Anna Dreber, an economics researcher at Harvard’s Kennedy School, started studying testosterone as a possible explanation for why there tend to be few women in certain fields—math, say, or kickboxing. Through studies conducted at the Harvard biological-anthropology department, Dreber found that appetite for risk in simulated investment games correlated with high testosterone levels and with facial characteristics such as sharp cheekbones and strong jaws that are normally associated with the hormone. “There is a clear sign that something biological explains risk taking,” she says. Testosterone is not the only chemical that affects it—the stress hormone cortisol has a role, as well as the neurotransmitter dopamine, among others—but it’s by far the most powerful.
The Bank of America Corporation and Merrill Lynch were accused of discriminating against women in a lawsuit filed on Tuesday by three female financial advisers at the companies. The suit accused Bank of America and Merrill Lynch of giving male counterparts of the three employees bigger bonuses and better opportunities. The women also said that the companies sought to punish them when they complained about perceived inequalities.
NPR is often regarded as a leader in the diversity of voices and opinions it puts on air. But when it comes to female voices from outside NPR, the network is not as diverse on air as it would like to think. NPR needs to try harder to find more female sources and commentators.
The fact remains that even in the fifth decade after the feminist revolution; men are still largely in charge in government at all levels, in corporations and nearly all other aspects of society. That means, by default, there are going to be more male than female news sources. But NPR does have a choice when it comes to the weekly commentators selected by the shows. Unfortunately, recent research shows that men are favored over women, by far.