"When someone calls me from the outside with an investment idea, I'm not going to ask what their sex is; it wouldn't make a difference," he added, stressing that: "The stock doesn't know who owns it." Only three percent of investment funds in the United States are owned by women, according to Variant Perspectives.
Laura Rittenhouse, who started her own firm, said it's shocking that, with 60 percent of wealth in the United States in women's hands, they typically could not find a woman to handle their investment funds.
For Danielle Town, investor and founder of the Invested practice, a bi-weekly letter, women are often known to be less reactive and more successful financial managers.
"It's much more difficult to be a professional female investor than a man; but we also know that women's returns are better and yet they are not getting assets management positions," she said.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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