Endowment Boards Provide Opportunities for Women

University endowments are one of the few areas in asset management where more women are represented in both the back office and on the board. Among the 50 largest endowments, women lead about a dozen of the boards. 

Women make up 80% of the endowment boards of the group of colleges known as the Seven Sisters.  Their collective investment return for the fiscal year 2017 was 12.5%, slightly higher than the national average. This echoes similar data that show female portfolio managers generate higher returns. Fixed income mutual funds run by women have outperformed since 2003 and companies led by female CEOs show good price to book value and return on equity.

Perhaps more women on endowment boards will lead to more women represented on corporate boards. University boards have traditionally been a stepping stone on the way to spots on corporate boards. It is also an excellent place to develop skills needed to run a board and to network for future positions.  However, Wall Street, which tends to serve as a feeder for investment committees, tends to support fewer women, not because of a lack of talent, but a lack of numbers at the executive level.

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By |2018-05-29T08:25:27-05:00May 29th, 2018|Gender Balance|Comments Off on Endowment Boards Provide Opportunities for Women

About the Author:

Ellen Kinlin is an internationally recognized recruiting specialist in Asset and Wealth Management. With nearly three decades of experience, her market expertise and global candidate base are the most comprehensive in the industry. In 2012, Ellen launched WE – Women Executives, a division of The Kinlin Company specializing in the recruitment of senior-level female executives in Asset & Wealth Management. Read More