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December 24, 2021
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:
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
Fund name – To be decided
Background – Viking Global Investors
Focus – public and private companies
Location – New York
AUM – to be decided
Fund name – Saturn V Capital Management
Background – Farallon Capital Management
Focus – biotech
Location – San Francisco
AUM – $80 million
Launch – October 2021
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
Fund name – 1.5 Degrees
Background – Canada Pension Plan Investment Board
Focus – climate-focused long-short equities
Location – London
AUM – not disclosed
Fund name – Tudor T++
Background – Tudor Investment Corp.
Focus – technology equity long-short, using alternative data
AUM – more than $300 million
Launch – Early 2022
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
Fund name – 221B Capital Partners
Background – Appian Way Asset Management
Focus – long-short equity focused on tech, renewables, industrials
AUM – at least $75 million
Launch – late 2021
Fund name – Pearlstone Alternative
Background – CQS
Focus – European credit
Launch – mid-2022
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