Inaugural Class of 30 Young Women Begins Four-Week Program at the
University of Pennsylvania, to Be Followed by Paid Summer
Internships in Asset Management
Who Invest (“GWI”) is proud to announce the launch today of
its first summer intensive program for freshman and sophomore college
women interested in pursuing a career in portfolio management and
leadership in the asset management industry.
The program, at the University of Pennsylvania, brings together a class
of 30 students for a four-week intensive program to learn core finance
and investment concepts and skills from some of the most respected
business school professors and industry professionals in the
country. Following the educational program, each Scholar will spend six
weeks in a paid internship with a leading asset manager in the industry.
Girls Who Invest, Inc. is a non-profit organization that aims to
inspire, educate and support young women so that they will become
leaders in the asset management industry. It was founded in April 2015
by Seema R. Hingorani, the former Chief Investment Officer for the New
York City Retirement Systems.
“Our hope is that Girls Who Invest will help transform the asset
management industry by creating a pipeline of talented and qualified
young women and inspiring them to join the business on investment
teams,” said Hingorani. “Despite recent studies that show the positive
impact women’s perspectives have on the bottom line, the number of women
in these positions in the industry remains startlingly low. Girls Who
Invest is a substantive, hands-on approach to bring more diversity to
The organization’s benchmark for success is to have 30 percent of the
world’s investable capital managed by women by 2030. Today,
that number is less than 10 percent.
In its first year, GWI will work with 30 diverse young women from
thirteen universities with majors ranging from literature to math and
economics and plans to expand in each subsequent year to connect with
more and more students. The 2016 GWI cohort includes participants from
diverse ethnic and socioeconomic backgrounds. In addition to providing
education and job training, GWI seeks to build a mentoring and
information-sharing community of women asset managers and senior men in
the business that spans from high school to the boards of directors.
By completing GWI’s rigorous program, talented and motivated women will
be well prepared to enter the industry across all asset
classes, including public and private equity, fixed income, credit,
hedge funds, real estate and infrastructure – and to be skilled
allocators of capital.
“Most organizations realize that workforce diversity is crucial to
success, but few have taken concrete steps to affect change,”
said GWI CEO Kathleen Powers Dunlap. “As one of the first initiatives
working with girls and placing them in internships in the real world,
Girls Who Invest is a game changer.”
Studies show that gender diversity is good for business. This diversity
leads to more informed and balanced decision making, which in turn
can help bolster both the success of the asset management industry and
its clients, including individual investors, pension plans, endowments
GWI is proud to count Vista Equity Partners, DE Shaw & Co., Bloomberg,
and Pepper Hamilton as its founding partners. Supporters and sponsors
include Bank of America, Carlson Capital, Causeway Capital, PAAMCO, 100
Women in Hedge Funds, Amalgamated Bank, Axel Capital Management,
BlackRock, CFA Institute, Chief Investment Officer, Citadel, Gray
Foundation, Greenspring Associates and PNC Bank.
About Girls Who Invest
Who Invest (“GWI”) is a non-profit organization founded in April
2015 dedicated to increasing the number of women in portfolio management
and executive leadership in the asset management industry. Our benchmark
for success is to have 30% of the world’s investable capital managed by
women by 2030. This goal is in sharp contrast to 2014, a year in which
less than 10% of the world’s investable capital was managed by women. We
focus on education, industry outreach, accessibility and career
placement to achieve our mission. At GWI, we aim to create programs to
inspire and support young women to become tomorrow’s leaders.