Women in Alternative Investments: A Marathon, Not a Sprint (Rothstein Kass)

January 2014

KEYWORDS: women and minority owned investment companies, women in alternative investments, alternative fund managers, hedge funds, asset allocation, Hedge Fund Managers, service providers, Private Equity

Summary:

The report includes a survey of 440 senior women in the alternative investment industry, including fund managers, investors and service providers, as well as proprietary performance analysis of women-owned or managed private equity and hedge funds.

Related Research and Data

• Shifting Strategies: Winning Investor Assets in A Competitive Landscape (EY) November 2014
• Information in Financial Markets: Who Gets It First? (University of Texas at Austin) October 2014
• The JOBS Act at Year One: A Changing Hedge Fund Communications Landscape (Peppercomm) October 2014
• Hedge Fund Monthly Update September 2014 (UBS) October 2014
• US Fund Services 2014 (Hedge Week) October 2014
• UK Fund Management 2014: An Attractive Proposition for International Funds (TheCityUK) September 2014
• Then and Now: The Hedge Fund Industry in 2008 and 2014 (Preqin) September 2014
• Hedge Fund Monthly Update (UBS) August 2014
• Global Hedge Fund Asset Report (eVestment) August 2014
• Hedge Fund Spotlight – August 2014 (Preqin) August 2014
• Chasing Winners: The Appeal and the Risk (Commonfund) August 2014
• Hedge Fund Monthly Update – August 2014 (UBS) August 2014
• 2nd Quarter KPMG Sourcing Advisory Global Pulse Survey Results (KPMG) July 2014
• Global Hedge Fund Industry Report (HFR) July 2014
• Global Hedge Fund Managers Respond to the AIFMD (Preqin) July 2014
• The Preqin Quarterly Hedge Fund Update Q2 2014 (Preqin) July 2014
• Global Alternatives Survey 2014 (Towers Watson) July 2014
• Towers Watson/Financial Times’ Annual Global Alternatives Survey 2014 (Towers Watson, Financial Times) July 2014
• Third Annual Operational Due Diligence Survey (Deutsche Bank) July 2014
• Opportunities and Challenges for Hedge Funds in the Coming Era of Optimization Part 2: Changes Driven by Regulation (Citi) June 2014
• Pension Plan De-Risking: Is LDI the Only Option? (KKR-Prisma) June 2014
• Opportunities and Challenges for Hedge Funds in the Coming Era of Optimization (Citi) May 2014
• Why income matters (J.P. Morgan) May 2014
• Hedge fund holdings and stock market efficiency (Federal Reserve Board, Finance and Economics Discussion Series) May 2014
• Monthly Hedge Fund Trends – May 2014 (Deutsche Bank) May 2014
• Absolute return investing: The fundamentals (J.P. Morgan) May 2014
• Prime Brokerage Global Hedge Fund Trends (J.P. Morgan) May 2014
• Hot Topics: IRS Issues Updated FATCA FAQs (Rothstein Kass) May 2014
• Aligning Interests: The Emergence of Hedge Fund Co-Investment Vehicles (J.P. Morgan) May 2014
• Making More Room for Women in the Financial Planning Profession (CFP Board) May 2014
• Advisor Metrics 2013: Understanding and Addressing a More Sophisticated Population (Cerulli Associates) May 2014
• Global Regulatory Roundup For Hedge Fund Managers – Q1 2014 (Citi) April 2014
• Reinventing Buy-Side Infrastructure (SEI) April 2014
• Reinventing Buy-Side Infrastructure (SEI) April 2014
• The great realignment: One approach to unconstrained fixed income investing (J.P. Morgan) April 2014
• Hedge Fund Monthly Update – April 2014 (UBS) April 2014
• Market View 2014: OTC Derivatives Regulations and Swap Execution Facilities (IPC) April 2014
• Preqin Special Report: JOBS Act (Preqin) April 2014
• Guide to the Markets – 2Q | 2014 (J.P. Morgan) April 2014
• Hedge funds in strategic asset allocation (Lyxor) March 2014
• Hedge Fund Survey (Financial Conduct Authority) March 2014
• Fortune Favors the Transparent (Northern Trust) March 2014
• Everything changes for the pension world’s $20 billion club (Russell Investments) February 2014
• Improved Risk Reporting with Factor-Based Diversification Measures (EDHEC-Risk Institute) February 2014
• The Seward & Kissel New Hedge Fund Study – 2013 Edition (Seward & Kissel) February 2014
• 2014 Hedge Funds Update: New regulations and shift to institutional money challenge smaller firms (Grant Thornton) February 2014
• Capital Fundraising for Alternative Investment Funds (EisnerAmper) February 2014
• Twelfth Annual Alternative Investment Survey (Deutsche Bank) February 2014
• The Eurekahedge Report – February 2014 (Eurekahedge) February 2014
• Chasing Alpha: How Data and Analytics Help Alternative Asset Managers to Outperform the Pack (State Street) February 2014
• Public Libraries in the United States: Overview & Insights on Library Foundations (Wilmington Trust) February 2013
• 2014 Alternative Investment Outlook Championing Growth (Deloitte) February 2014
• Monthly Hedge Fund Trends – January 2014 (Deutsche Bank) January 2014
• Hedge Week Special Report: Cayman Islands Hedge Fund Services 2014 (Hedge Week) January 2014
• Alternatives Reality: What to Expect From Future Allocations (Commonfund) January 2014
• Hedge Funds: A Potential Tool to Reduce Interest Rate Risk (J.P. Morgan) December 2013
• Pension Pulse Pension funds at the dawn of 2014: Catch the rebound! (J.P. Morgan) December 2013
• Monthly Hedge Fund Trends – December 2013 (Deutsche Bank) December 2013
• Business Expense Benchmark Survey (Citi) December 2013
• From alternatives to mainstream: Hedge funds’ changing role in the asset management industry (Deutsche Bank) November 2013
• Hedge Fund Asset Flows (eVestment) November 2013
• Manager Survey: State of the Industry (CTA Intelligence) November 2013
• 2013 Global Hedge Fund and Investor Survey (EY) November 2013
• The Purple Book (Pension Protection Fund) November 2013
• Africa Fund Manager Survey (Novare Investments) November 2013
• SEC Custody Rule Could be an Opportunity for Private Fund Advisers (Grant Thornton) October 2013
• Hedge fund COOs rise to new regulatory hurdles (Deutsche Bank) October 2013
• Exploring the Concept and Characteristics of “People Alpha” (Citi) October 2013
• The Cost of Compliance (MFA, KPMG, AIMA) October 2013
• Monthly Hedge Fund Trends – October 2013 (Deutsche Bank) October 2013
• Benchmark trends among large public defined benefit pension plans (Pensions & Investments) October 2013
• The Next Alternative: Thriving in a New Fund Environment (State Street and Preqin) September 2013
• US Hedge Fund & Private Equity Services 2013 (Hedge Week) September 2013
• Pitch Perfect: How Investors Choose Hedge Funds (Advent) September 2013
• Monthly Hedge Fund Trends – September 2013 (Deutsche Bank) September 2013
• The Australian Hedge Funds Sector and Systemic Risk (Australian Securities and Investments Commission) September 2013
• Monthly Hedge Fund Trends – August 2013 (Deutsche Bank) August 2013
• Hedge Funds as Diversifiers in Institutional Portfolios (Commonfund) August 2013
• Introduction and Overview of 40 Act Liquid Alternative Funds (Citi) July 2013
• AIFMD: Depositary Liability – Perspectives (J.P. Morgan) July 2013
• Form PF One Year Later: How Hedge Funds Can Use Their Administrator to Effectively and Efficiently Assist them in Completing Form PF (Citi) July 2013
• Update on the Alternative Investment Fund Managers Directive (SEI) July 2013
• The Long-Term Effects of Hedge Fund Activism (Harvard Law School, Duke University, Columbia Business School) July 2013
• Cayman Islands Hedge Fund Corporate Governance Survey (EY, CIMA) June 2013
• Pension Pulse – Special Edition (J.P. Morgan) June 2013
• AIFMD: Impact on US Investment Advisers (Dechert LLP) June 2013
• The Retail Alternatives Phenomenon: What enterprising private fund managers need to know (SEI) June 2013
• Prime Brokerage Perspectives – June 2013 (J.P. Morgan) June 2013
• The Trend Toward Outsourcing: A Case Study of Japan (State Street) June 2013
• Hedge Fund Industry Snapshot – May 2013 (Citi Prime Finance) May 2013
• A Manager’s Guide to Establishing a Hedge Fund (Eze Castle Integration) May 2013
• Cloud Computing in the Hedge Fund Industry (Eze Castle Integration) May 2013
• AIFMD – what you should be doing to comply (Global Perspectives) May 2013
• Alternative Marketing for Alternative Investments (Yan Lu, David K. Musto, Sugata Ray) May 2013
• Hedge Fund Outlook: Water, Water, Everywhere (Rothstein Kass) April 2013
• The Next Operational Hurdle for Hedge Funds — Collateral Management (KPMG) April 2013
• 1 year later: The JOBS Act and its impact on hedge funds and private equity funds (Grant Thornton) April 2013
• Hedge Fund Industry Snapshot – April 2013 (Citi Prime Finance) April 2013
• The Seward & Kissel New Hedge Fund Study – 2012 Edition (Seward & Kissel) April 2013
• Report of the Survey on Hedge Fund Activities of SFC-licensed Managers/Advisers (Hong Kong Securities and Futures Commission) March 2013
• 2013 Commonfund Forum Investor Outlook Survey (Commonfund) March 2013
• What Do We Know About High-Frequency Trading? (Charles M. Jones, Columbia Business School) March 2013
• What Shadow Administration Really Means (Citco Fund Services (USA) Inc.) March 2013
• Evaluating Hedge Funds in a Low-Growth and Low-Yield Environment (J.P. Morgan Asset Management) February 2013
• Markets Prime Finance Quarterly Webcast (Deutsche Bank) February 2013
• Monthly Hedge Fund Trends – February 2013 (Deutsche Bank) February 2013
• Issue Brief: How Do Public Pensions Invest? A Primer (National Institute on Retirement Security) January 2013
• Focus On The Future: Designing Tomorrow’s Pension Plan (State Street) January 2013
• Monthly Hedge Fund Trends – January 2013 (Deutsche Bank) January 2013
• Women in Alternative Investments: Building Momentum in 2013 and Beyond (Rothstein Kass) January 2013
• Transparency Demands and Regulatory Requirements Force Managers to Seek Help from Their Administrators (Citco Fund Services (USA) Inc.) December 2012
• The Asset Owners’ Perspective: Evolving Investment and Operational Models (State Street) December 2012
• 2013 Hedge Fund Outlook (Deloitte) December 2012
• 2012 Hedge Fund Business Expense Survey (Citi) December 2012
• Passing the Baton: Hedge Fund Succession Planning (Deloitte) November 2012
• Global Hedge Fund and Investor Survey 2012 (EY) November 2012
• AIFMD Re-shaping for the Future (KPMG) October 2012
• Counterparty Concerns and Transparency Drive Prime Custody Growth (BNY Mellon) October 2012
• Monthly Hedge Fund Trends – October 2012 (Deutsche Bank) October 2012
• Monthly Hedge Fund Trends – September 2012 (Deutsche Bank) September 2012
• Natixis Global Asset Management 2012 Study of Institutional Investors (Natixis Global Asset Management, S.A.) September 2012
• Empowering Boutiques: The Rise of the Specialist Manager (State Street) September 2012
• Infographic: Illuminating the World of Hedge Funds (PerTrac) September 2012
• Managed Futures: Portfolio Diversification (CME Group) September 2012
• Risk Roadmap: Hedge Funds and Investors’ Evolving Approach to Risk (BNY Mellon, Managed Funds Association, HedgeMark International. LLC) September 2012
• Assessing the possible sources of systemic risk from hedge funds (Financial Services Authority) August 2012
• Hedge Fund Monthly Update, July 2012 (UBS) July 2012
• Charting New Territory: Buy-Side Readiness for Swaps Reforms – Key Takeaways (State Street) July 2012
• Charting New Territory: Buy-Side Readiness for Swaps Reform (State Street) July 2012
• AIFMD Survey: Responding to the new reality (Deloitte) July 2012
• Life after Registration: What will the SEC Look for in your First Audit (Deloitte) July 2012
• FATCA: Meeting the Challenge (State Street) July 2012
• From black box to open book: Hedge fund trust and transparency (PricewaterhouseCoopers) June 2012
• US Asset Management – The State of the Industry (PricewaterhouseCoopers) June 2011
• Institutional Investment in Hedge Funds: Evolving Investor Portfolio Construction Drives Product Convergence (Citi) June 2012
• PwC’s; Financial Services Regulatory Practice: How we can help quantitatively driven asset managers (PricewaterhouseCoopers) August 2010
• The Evolution of an Industry (KPMG, AIMA) May 2012
• A Quantitative Analysis of Managed Futures (CME Group) May 2012
• Sizing the 2011 Hedge Fund Universe: A PerTrac Study (PerTrac) April 2012
• From black box to open book: Hedge fund trust and transparency (PricewaterhouseCoopers) April 2012
• Managed Futures and Volatility: Decoupling a “Convex” Relationship with Volatility Cycles (CME Group) April 2012
• Asset management industry update (Grant Thornton) February 2012
• Financial Services Regulatory Practice: How we can help private equity advisors (PricewaterhouseCoopers) February 2012
• Latin America’s Major Five: Assessing the Opportunities (State Street) February 2012
• Portfolio Partnership and Due Diligence (State Street) January 2012
• Women in Alternative Investments—Industry Outlook and Trends (Rothstein Kass) November 2011
• Asset Management M&A Insights: Navigating through stormy markets (PricewaterhouseCoopers) November 2011
• Coming of Age: Global Hedge Fund Survey 2011 (EY)
• Hedge fund managers’ processes are maturing: GIPS now address issues specific to hedge fund managers (EY) October 2011
• Focus on U.S. Regulation (State Street) October 2011
• FATCA’s impact on the asset management industry (EY) July 2011
• A Guide to Technology Outsourcing for Hedge Funds (Pershing, a subsidiary of MFA Strategic Partner BNY Mellon) September 7, 2011
• Affirmative Investing: Women and Minority Owned Hedge Funds (Barclays Capital’s Capital Solutions Group) Prime Services • June 2011
• Improving hedge fund infrastructure: from cost to benefit (PricewaterhouseCoopers)
• Selection and Oversight of Service Providers to Private Fund Advisers (Deloitte Touche Tohmatsu Limited) Establishing a sound plan for success
• 10th annual alternative investments seminar highlights (PricewaterhouseCoopers) February 2011
• Asset management valuation survey (PricewaterhouseCoopers) December 2010
• Private fund advisers: Integrating testing into a risk-focused compliance program (PricewaterhouseCoopers)
• GIPS take two: The second generation of global investment performance standards (PricewaterhouseCoopers) April 2010
• FS Regulatory Brief: Private Fund Investment Advisers Registration Act of 2009 (PricewaterhouseCoopers) Fall 2009
• Taxation of Private Equity and Hedge Fund Partnerships: Characterization of Carried Interest (Congressional Research Service) September 2007
• Analysis of the Impact of Increasing Carried Interest Tax Rates on the U.S. Economy (The U.S. Chamber of Commerce) September 2007