It has been one year since the collapse of Lehman Brother and the ensuing economic crisis that forever changed Wall Street. A recent report by the National Council for Research on Women examined whether the meltdown would have been less severe if more women had been involved in fund management. New Hampshire-based mutual company Pax World is mentioned in the report. The company's CEO, Joe Keefe, joined NECN's Business Day to share his thoughts on the report's findings.
What happens when high-powered women decide they deserve an alternative to the World Economic Forum’s annual meeting in Davos? The Women’s Forum for the Economy & Society’s Global Meeting is launched. The Forum met in Deauville, France, last week, a sui generis concept that brings together African foreign ministers, the president of an American biomimicry firm (they use nature to design products), the first Muslim astronaut, editors from the International Herald Tribune and Elle France, corporate CEOs, sculptors, bestselling Turkish authors, and delegations from five continents, just to name a few members of this emerging brain trust.
It’s generally known that men are hard-wired to be bigger risk takers than women (due to all that extra testosterone they have sloshing around). Interestingly, though, in a profession that is all about risk — hedge fund manager — testosterone may not be such a good thing. A new study by Hedge Fund Research found that, from January 2000 through May 31, 2009, hedge funds run by women delivered nearly double the investment performance of those managed by men.