“World’s Wealthy Lose Faith in Fund Managers”

I find it slightly ironic that the day we launch our report “Women in Fund Management : A Road Map to Achieving Critical Mass and Why it Matters”, the much anticipated Merrill and Capgeminis’ annual World Wealth Report was published saying that “almost half of the world’s 6.8 million wealthiest investors have lost confidence in their fund manager.” As reported by the New York Times “the report will trigger alarm bells in the city and other Financial Centers.” I suggest that the leadership of these financial firms call in talented women to be their rescuers.

As we clearly argue in this 40 page report the time is now for us to move boldly forward to implement action steps that will lead to a critical mass of women in fund management and in the financial services industry more generally.

As I have said many times before, this report could not be more timely!

Shattering the Ceiling, For Good

Tomorrow is the launch of “Women in Fund Management: A Road Map for Achieving Critical Mass – and Why it Matters.” We have had over 300 rsvps to the event at Bloomberg and I am beyond excited. This is a project I have been working on for a very long time and one I am deeply passionate about. I feel so blessed to have had a career on Wall Street as a trader and I remain deeply committed to encouraging more women to enter this field.

Please click here to read my oped published at the HuffingtonPost. ( Shattering the Ceilings, For Good) Please post your comments and be part of the conversation. Many thanks to all my friends who supported this work!

“The Meaning of Enough”

I have been thinking about this a lot lately. What is enough? When is it enough? I have been thinking about this in so many different contexts. In working on this paper for the National Council For Research on Women I commented that women often leave their careers because either they have had ‘enough’ with the battles and challenges associated with being a woman ( and often working mother) at work, or because they have made ‘enough’ money to live comfortably and want to spend time with their family and serving their community. Next, I am reading John Bogle’s book “ENOUGH. True Measure of Money, Business and Life” where he writes about the “gross excesses that have overwhelmed our financial system, precipitating the crisis we now face.” Next I have been thinking about it in a personal context as we prepare for a possible move and I am purging through all the ‘stuff’ we have accumulated and I am asking why did we purchase so much? I keep telling myself ‘enough with the stuff.’ And just this morning I read this piece in Naked Capitalism by Leo Kolivakis, a founder of Blackstone, about why he is giving away $1 billion dollars. He suggests that we ask ourselves ‘do you know the meaning of enough?” Some people, most people, will never have opportunity to ask themselves this question. Why? Because they live on less then a dollar a day. For those of us who have so so so much more, asking ourselves this question is truly important. I suggest, as does Leo, that it is in knowing the meaning of enough that we will be able to generously give and serve others. Thank you for setting a great example Mr. Kolivakis and I hope you are sharing this message with all the current partners of Blackstone and more broadly, as they are some of the richest men in the world and truly have the power and resources to be change agents. Then again…. so do we all.