Pomegranate Capital is to be the first fund of hedge funds investing entirely in funds managed by women. CEO Susan Solovay reportedly has a list of 250 hedge funds run by women and has received backing from the Safra family and Fortress. Solovay points to research showing that female investors are more likely than their male counterparts to produce consistent long-term growth, yet find it harder to raise capital.
AI market round-up: Women only, please!
Pomegranate Capital is to be the first fund of hedge funds investing entirely in funds managed by women. CEO Susan Solovay reportedly has a list of 250 hedge funds run by women and has received backing from the Safra family and Fortress. Solovay points to research showing that female investors are more likely than their male counterparts to produce consistent long-term growth, yet find it harder to raise capital.
Helen Avery November 27, 2006
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