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Article

26 Oct 2009

Author:
David Teather, Guardian [UK]

Fund manager launches scheme to invest in firms with women on top

A fund that aims to invest in companies with a high number of women in senior roles will be launched next week...The Women's Leadership Fund, started by Zurich-based Naissance Capital...Daniel Tudor, who will manage the fund, said...companies with a balance of men and women in senior jobs outperformed firms where there were largely men in control..."[I]f the fund does well, then people will realise that gender diversity is a good thing."...The company will also reserve…part of the fund for more active investment… to persuade male-dominated firms to change their policy...Tudor said...H&M [is] a good example of a company...having a near 50/50% split between men and women in senior roles...companies fitting the mould did exist in Asia, including ICICI Bank in India