100 Women in Finance’s 6th Annual West Coast Investor – Female Manager Conference
April 12, 2019
SAN FRANCISCO – April 12, 2019 – 100 Women in Finance (100WF), a global non- profit organisation of more than 15,000 professionals in the finance and alternative investment industries, yesterday held its sixth annual West Coast Investor Conference, “Capitalizing on Diversity and Returns: Investing with Female Managers” attended by female portfolio managers, institutional investors and investment consultants.
The Conference attracted more than 80 senior investment professionals, including 37 female fund managers from 25 firms, and 48 institutional investors and investment consultants from 29 separate firms. This was the 11th investment conference organized by 100WF since 2014 for the purpose of forging stronger connections between capital allocators and female investment talent. 100WF hosts similar conferences in London and New York City.
Participants at 100WF’s 6th Annual West Coast Investor – Female Manager Conference, 11 April 2019
The Conference was hosted, for the sixth consecutive year, by PricewaterhouseCoopers (“PwC”) in their Embarcadero Center offices in San Francisco, and was sponsored, also for the sixth year, by Progress Investment Management Company. Other sponsors included Bloomberg, Hedgeye Risk Management and FDC Global.
The Conference was founded by 100WF members Marianne O, Co-Founder, Partner and Portfolio Manager at Lumen Advisors and Nadine Terman, CEO and CIO of Solstein Capital. At this year’s event, more than 150 one-on-one sessions between institutional investors and fund managers were arranged. Attendees also heard a kick- off presentation by Cara Slear, Senior Data Analyst, Investment Management & Alternatives Data Team of Bloomberg, luncheon keynote address from Darius Dale, Managing Director and Partner of Hedgeye Risk Management and a panel discussion including Kelly Chesney, Principal of Pluscios Management, Floyd Simpson III, Investment Officer of FIS Group, Christina Wang, Investment Officer of City of San Jose Office of Retirement Services and Thurman White, Chairman and CEO of Progress Investment Management Company and Chair of Investment Committee for Silicon Valley Community Foundation.
At the conference, senior 100WF members and invited guests gathered for a special workshop on recognizing blind spots in diversity and using cultural knowledge, emotional intelligence and interpersonal skills for conscious leadership toward the advancement of women. Moire Rasmussen, PwC’s regional Market Diversity Leader, led this workshop.
According to Ms. O, “This annual conference is an industry-first focusing on female fund managers only and has become an anticipated industry event, growing from 90 participants in 2014 to over 110 today. We assume that institutional investors fundamentally understand that diverse talent contributes positively to investment performance and to client satisfaction.”
Ms. Terman added, “Everyone agrees that we must grow the number of female investment professionals, to tap differentiated alpha for clients. In order to do that, allocators must take a leadership role in proactively backing female portfolio managers, whether by requiring the inclusion of women managers in searches, reducing minimum AUM requirements, or challenging decision-makers to increase target allocations to women. I believe these measures would result in greater capital allocation to women managers, and help give up-and-coming female investors greater confidence in portfolio management as a career path.”
Hosting investment conferences is an important part of 100WF’s mission to empower women in the finance industry at each career stage. By calling greater public attention to women at the highest levels of the finance industry and by enabling funding for female fund managers, the organization inspires the aspirations of women in early- stage careers towards goals and roles that reflect their talents and ambitions.
In 2018, 100WF launched a campaign to enhance the public visibility of female fund managers with a global directory that is accessible on the organization’s website. The directory now has more than 250 constituent members, and is used by the media, conference organizers and institutional investors to identify and engage with female investment professionals.
PwC’s sponsorship of the Conference aligns with its corporate mission to elevate the conversation about workplace diversity and inclusion. PwC Partner and 100WF member Melissa Maher remarked, “It’s critical now more than ever that we commit to empowering women in business, especially in sectors like finance that are so underrepresented nationally. By facilitating conversation and learning, we’re able to help women achieve their goals and become leaders in our community.”
In commenting on Progress Investment Management Company’s sustained commitment to the 100WF Conference, Mona Williams, Progress’s President, noted, “Progress has been at the forefront of alpha-seeking diversity and inclusion strategies for 28 years, pioneering the use of women-owned firms in our multi-manager client portfolios. We were an inaugural sponsor of this event and are thrilled to continue our partnership with 100WF and to support its important work in this area.”
100WF CEO Amanda Pullinger summarized the event, “The Conference reflects the essence of 100WF’s impact – we bring together industry partners for high-value collaboration towards women’s advancement. We are so grateful to Ms. O, Ms. Terman, our member volunteers, PwC, Progress Investment Management Company, and all our other sponsors for their support of the Conference and of women in the finance industry.
About 100 Women in Finance
100 Women in Finance is a global network of professionals in the finance and alternative investment industries working together to empower women at every stage of their careers. Through peer engagement, philanthropic, and educational initiatives, our more than 15,000 members are making connections and creating opportunities that help to advance careers and strengthen our field.
About PricewaterhouseCoopers LLP
At PwC, our purpose is to build trust in society and solve important problems. We’re a network of firms in 158 countries with over 250,000 people who are committed to delivering quality in assurance, advisory and tax services. Find out more and tell us what matters to you by visiting us at www.pwc.com.
About Progress Investment Management Company
Progress Investment Management Company, a manager-of-managers, manages $6.8 billion in assets for some of the largest and most sophisticated corporations, public funds, foundations, and Taft-Hartley plans in the country. The firm employs a variety of domestic, international and global equity and fixed income strategies, including hedge funds. Progress is unique in that it was and remains at the forefront of identifying, supporting and funding emerging investment managers, defined as high alpha-potential firms and strategies that are not identified through traditional manager search processes. Emerging managers are often, but not always, women- and minority-owned firms.