MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Tuesday, June 26, 2018 Krawcheck vs the Apple Pie of Capitalism Sallie Krawcheck is taking fundsters and other financial services executives to task for not hiring enough women. ThinkAdvisor reports that, in a speech at a conference for her Ellevate Network, Krawcheck called meritocracies the "applie pie of capitalism" but argued that Wall Street is really full of "man-tocracies", not meritocracies. Krawcheck claims that 90 percent of mutual fund PMs are male (and describes similar discrepancies among traders, FAs, hedge fund PMs, and VC partners). "Here's the problem: women are better investors than men. Women are better hedge fund managers, we're better mutual fund managers, we're better individual investors," Krawcheck says. "Where's that meritocracy?" Printed from: MFWire.com/story.asp?s=58262 Copyright 2018, InvestmentWires, Inc. All Rights Reserved |