Sun, May 22, 2022
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

IQ-EQ supports first-time female fund managers with new initiative

Thursday, January 27, 2022
Opalesque Industry Update - A new initiative from IQ-EQ will support women to launch and grow their first funds. IQ-EQ Launchpad aims to expand inclusivity for the wider asset management industry and foster a self-sustaining network of women in senior leadership roles.

Funds with over 50% women ownership or a woman founder will be eligible to receive preferential service terms, tailored fund administration solutions, capacity building and access to a global network.

The Launchpad suite of services is designed to help women overcome the specific challenges they face launching their first funds, and was prompted by a recognition of the limited opportunities for women in the industry.

As part of this new initiative, IQ-EQ is also committing further resources towards incorporating gender-smart practices into all service delivery. This will be achieved through the collection of data and metrics for the gender-equitable management of performance, and to incentivise behavioural change within the firm and its clients.

Commenting on the initiative, Serge Krancenblum, Group Executive Chairman at IQ-EQ, said:

"Only 15% of all private equity or venture capital firms are gender-balanced, let alone women-led. Yet research conducted by the IFC shows that gender-diverse fund management teams deliver an incremental 10-20% in net IRR returns compared to their non-gender diverse counterparts.

"As a leading member of the fund ecosystem we believe that we can play an important role in addressing the gender imbalance within the asset management industry. We have leveraged our business model and contacts to put together a comprehensive support package that will help first-time women fund managers to succeed. We are very excited to have already onboarded our first Launchpad client, Atlantica Ventures founded by Aniko Szigetvari, an African impact focused venture capital fund which provides early-stage funding and support to startups in Africa"

Emma Crabtree, Group Chief Commercial Officer at IQ-EQ, also commented:

"This is an exciting and vital step that we are taking. Gender diversity in fund management will achieve not just better outcomes for women, but also for investors and the industry at large. Having recently joined the business it has been so encouraging to see this and other initiatives being organised. I look forward to working with client clients and colleagues on the implementation of Launchpad."

The project will be overseen and promoted by Serge Krancenblum, Group Executive Chairman and leader of IQ-EQ's D&I strategy. Justin Partington, Group Head of Funds, will be the project sponsor.

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: Long/short equity hedge fund with bear market experience has a winning quarter[more]

    B. G., Opalesque Geneva: Experience during a Russian bear market lasting five years enabled Christian Putz to identify certain investment patterns in the market which he now applies to his current investment strategy. London-based ARR Inv

  2. Opalesque Exclusive: Global equity manager focuses on symbiotic value chains[more]

    B. G., Opalesque Geneva: A global equity manager has made a point of focusing on the phenomenon of shrinking supply chains and avoiding zero-sum business models. London-based Tollymore Investment Partners is a private partnersh

  3. Satori Capital intros energy transition fund, a long/short equity strategy[more]

    Laxman Pai, Opalesque Asia: Dallas-based alternatives manager founded on the principles of conscious capitalism, Satori Capital has launched Satori Environmental, a long/short equity strategy that primarily invests in securities impacted by the global energy sector's shift from fossil-based s

  4. The Big Picture: With the war, E, S, and G have collectively moved back to the fore[more]

    B. G., Opalesque Geneva: In this interview, Dr. Patrick Welton, founder and CIO of Welton Investment Partners, offers his observations on the major macro themes expected to affect the comm

  5. Other Voices: The selloff is overdone[more]

    Authored by Heeten Doshi, founder of Doshi Capital Management. Anyone who is still bearish and calling for more downside is foolish. The selloff is overdone. To point to further declines from here is poor risk management. With the Nasdaq 100 down 22% and S&P 500 down 13% for the year