Accounting & Finance

Women are opening hedge funds at a record pace around the world

  • 3 min Read
  • December 24, 2021

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Escalon

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A growing number of women are opening, or have recently opened, hedge funds around the world, according to a report by Bloomberg. And two of these funds could each start with $1 billion or more under management. “It is a watershed moment to have multiple female-led hedge fund launches,” opines Dominique Mielle, former partner and portfolio manager at Canyon Capital. 


The report states that women have built enough relationships and earned enough money to start their own companies. Also, investors now believe that diversity in money management strengthens performance as well as society. “More investors are recognizing that day-to-day investing is about decision-making, and the science is very clear that more diverse teams make better decisions,” explains Rob Manilla, vice president and chief investment officer at the Kresge Foundation.


Here are nine women hedge fund bosses to watch out for:


Mala Gaonkar


Fund name – Surgo Capital

Background – Lone Pine Capital

Focus – technology, media, emerging-market financials, privates

Focus location – New York

Assets under management – to be decided

Launch – 2022 


Divya Nettimi 


Fund name – To be decided

Background – Viking Global Investors

Focus – public and private companies

Location – New York

AUM – to be decided

Launch – 2022


Xiaoying Tian 


Fund name – Saturn V Capital Management

Background – Farallon Capital Management

Focus – biotech

Location – San Francisco

AUM – $80 million

Launch – October 2021


Jane Wu 


Fund name – Springhill Fund

Background – Fidelity Management & Research

Focus – Asian healthcare stocks

Location – Hong Kong

AUM – about $550 million as of early November

Launch – March 2021


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Dureka Carrasquillo 


Fund name – 1.5 Degrees

Background – Canada Pension Plan Investment Board 

Focus – climate-focused long-short equities

Location – London

AUM – not disclosed

Launch – October 2021


Ulrike Hoffmann-Burchardi 


Fund name – Tudor T++

Background – Tudor Investment Corp.

Focus – technology equity long-short, using alternative data

Location – New York

AUM – more than $300 million

Launch – Early 2022


Lisa Audet 


Fund name – Tall Trees Capital Management

Background – Discovery Capital Management

Focus – climate-focused stocks

Location – Greenwich, Conn.

AUM – $50 million to $75 million

Launch – early 2022


Jillian McIntyre 


Fund name – 221B Capital Partners

Background – Appian Way Asset Management

Focus – long-short equity focused on tech, renewables, industrials

Location – New York

AUM – at least $75 million

Launch – late 2021


Ivelina Green 


Fund name –  Pearlstone Alternative

Background – CQS

Focus – European credit

Location – London

AUM – to be decided

Launch – mid-2022


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