Serendipity + Opportunity
I was having lunch with a business associate recently at one of the great local eateries near my office (Harvest, to be precise). I was sharing an update with her about Pique Ventures, when serendipitously, the woman sitting next to us interrupted our conversation. She overheard me speaking about the design and accessibility of the impact venture fund I'm building. Turns out her daughter, Meredith Jones, is writing a book studying women-owned and women-managed alternative investment funds in the United States.
I had the opportunity to speak with Meredith and hear more about her insights and findings. Women-owned or managed alternative funds tended to outperform industry averages, yet they tend not to draw as much attention nor attract as much investment as their men-owned or managed counterparts. Fund sizes tended to remain small and their achievements remain outside of the media spotlight. Returning a consistent low double-digit return every year every year doesnâ€™t make the news, whereas spectacular wins do. Meredith notes a strong biological influence on decision-making and investing styles and referenced Wall Street trader-turned-Cambridge neuroscientist, John Coates. I'm curious what other difference-makers her research uncovered.
Meredith's book follows a series of white papers focusing on Women in Alternative Investments, which she authored whilst a director at Rothstein Kass (now part of KPMG). You can download the most recent white paper, Women in Alternative Investments: a Marathon, Not a Sprint, here.
If you're interested in finding out more about the decision-making and investing style I'm using at Pique Ventures, do get in contact - firstname.lastname@example.org.