Friday, March 10, 2006

Power Women, United for a Cause - New York Times

Power Women, United for a Cause - New York Times: "The hedge fund business is about many things, but it is mainly about men. Women manage money at just a tiny fraction of the nearly 9,000 hedge funds, the lightly regulated partnerships that invest in everything from stocks to exotic derivatives. Not only is it a business dominated by men, but it is also known for its aggressive testosterone-driven trading.
So it may not be surprising that women in the hedge fund business have been active in forming connections among themselves, primarily on behalf of philanthropic endeavors.
Last year, Ms. Rahl helped set up High Water Women, which supports several charities for women and children through fund-raisers and events like monthly outings with children from poor New York City neighborhoods. High Water Women is meant to be a local offshoot of a similar national group called 100 Women in Hedge Funds."

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