The #METOO Era: Thoughts For The Investment Community

Robin Judson |

The recent Bloomberg article by Gillian Tan and Katia Porzecanski called Wall Street Rule for the #Me Too Era: Avoid Women at All Cost focused on the worries of men on Wall Street who work with young women.  The article highlights the Pence Effect, in which men avoid solo contact with younger (read more junior) women. 

This phenomenon conflicts directly with the stated goal of many funds that they hire more women in investment roles.  The institutional allocators have put many larger funds on notice that they expect greater diversity on the investment staffs of the funds that receive their allocations.  We know many funds that are actively trying to identify qualified women to join their teams.  Anecdotally, many of our clients with the strongest track records, also have more diverse investment teams.

The number of more experienced women on Wall Street remains limited and to expand the number of women on any fund’s investment staff, it has to hire women under 35 years old.  To get the best performance and greatest growth from them, the women need to be integrated with the rest of the staff.  Senior staff cannot withhold the guidance and feedback that other staffers receive.   

Not providing that guidance will work to the detriment of the fund (and its investors) as well as the individual women.  More importantly, the fear of a false accusation would imply a belief that women investment professionals are not honest.  Why would a fund hire anyone whose honesty would be in question?

Once we assume that funds endeavor to hire investment professionals with unquestioned integrity, that leaves a fear on the part of some men that they do not know how to behave.  I believe that they do know how to behave, whether they have done so in the past or not.  Perhaps many of these men are not proud of how they have treated their female counterparts or subordinates up until now. 

This is the opportunity to start fresh with both existing colleagues and newly-hired women investment professionals.  Treating every employee respectfully, whether male or female, avoids a perception of bad behavior.  Take some of the silly sexist comments that women have heard in the past and substitute men in them and they sound even sillier.  There is no reason for physical contact in the work place beyond handshakes and inadvertent or benign contact. 

Wall Street employs smart and creative people.  This should be a no-brainer.

Private Equity Career News

David Toll | Toll Publications

... Read Article


The #METOO Era: Thoughts For The Investment Community

Robin Judson |

The recent Bloomberg article by Gillian Tan and Katia Porzecanski called Wall Street Rule for the #Me Too Era: Avoid Women at All Cost focused on the worries of men on Wall Street who work with young women.  The article highlights the Pence Effect, in which men avoid solo contact with younger (read more junior) women.  This phenomenon conflicts directly with

... Read Article


Why Mentoring Matters, and How to Get Started

Lizz Schumer | New York Times

My first desk had an inert hand grenade in one corner and a notebook in another. As a public relations assistant to Kathy Hochul, the Erie County clerk at the time, my job was to make the office (and by extension, Ms. Hochul) look good. The grenade reminded me that it took decisive confidence to

... Read Article


At Hedge Funds, Where Are the Women?

Rob Copeland | Wall Street Journal

At hedge funds, women do just about any job—but rarely run the money. Of the largest 50 U.S. hedge funds by assets under management, only two have women as their top investment executive, according to a Wall Street Journal analysis of data from researcher Absolute Return. In that same group of 50 hedge funds, half

... Read Article


How To Get Wall Street Recruiters To Respond To You

Dan Butcher | eFinancial Careers

Sometimes you hit send on an email or leave a voicemail and it’s as if your message entered a black hole, especially when dealing with Wall Street recruiters. They tend to be busy, and they are often only searching for a few specific skills sets or types of experience at any given time based on

... Read Article


Robin Judson Partners Brings Home Two Awards

Robin Judson |

We are proud to be the recipients of two ACQ5 Awards for 2017: US-HR/Recruitment Firm of the Year (Hedge Funds) and US – Gamechanger of the Year, Robin Judson, Robin Judson Partners!  

... Read Article


7 Ways to Nail a Telephone Interview

Robin Judson |

We see more and more of our clients conducting introductory interviews by phone instead of in person.  We also use telephone interviews to screen potential candidates.  The telephone interview differs in numerous ways from the in-person interview.  What is the best way to nail the interview and make it to the next round? As an

... Read Article


The Art of Resigning

Robin Judson |

Congratulations, you have landed the job of your dreams or maybe just a better role than what you have.  You cannot wait to resign but hold on.  It’s important to think through the process. What do you need to do to get ready to join the new employer?  Are references all done?  Did you have

... Read Article