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Undiversified: The Big Gender Short in Investment Management

When
  • Tuesday 18 October 2022
  • 18:00 - 19:15
Where
  • Virtual Event

 

Join us LIVE to greet Ellen Carr and Katrina Dudley to discuss their personal stories, their research (supported by the CFA network), and their insights to help navigate our own careers.

Diversification is a core principle of investing. Yet money managers have not applied it to their own ranks. Only around 10 percent of portfolio managers—the people most directly responsible for investing your money—are female, and the numbers are even worse at the ownership level. What are the causes of this underrepresentation, and what are its consequences—including for firms’ and clients’ bottom lines?

In Undiversified, experienced practitioners Ellen Carr and Katrina Dudley examine the lack of women in investment management and propose solutions to improve the imbalance. They explore the barriers that subtly but effectively discourage women from entering and staying in the industry at each point in the pipeline. At the entry level, the lack of visible role models discourages students from considering the field, and those who do embark on an investment management career face many obstacles to retention and promotion.

Carr and Dudley highlight the importance of informal knowledge about how to navigate career tracks, without which women are left at a disadvantage in an industry that lionizes confidence. They showcase a diverse constellation of successful female portfolio managers to demystify the profession.

Drawing on wide-ranging research, interviews with prospective, current, and former industry practitioners, and the authors’ own experiences, Undiversified makes a compelling case that increasing the number of women could help transform active investment management at a time when it is under threat from passive strategies and technological innovation.

Come ready to network and bring your questions for Ellen and Katrina, for a unique interactive event you won’t want to miss!

Agenda
18:00 Introductions
18:05 Breakout rooms with guided discussions led by volunteers
18:30 Q&A Session Ellen Carr, CFA - Portfolio Manager and Principal - Barksdale Investment Management

Ellen Carr

CFA - Portfolio Manager and Principal - Barksdale Investment Management

Ellen Carr is a high yield portfolio manager and principal at Barksdale Investment Management (BIM), a majority women-owned, boutique, institutional investment management firm based in Nashville, TN. She specializes in the construction and management of high yield and core plus bond portfolios. Prior to joining BIM in 2013, she served as a senior vice president and high yield portfolio manager for institutional separate accounts and mutual funds for The Capital Group Companies/American Funds in Los Angeles, CA. Ellen began her career as an investment analyst for the Fixed Income Group at Capital in 1999. Ellen has been an adjunct professor of finance at Columbia Business School since 2012, where she teaches courses on the credit markets and cash flow modeling. Ellen is also a writer. She is an occasional contributor to the Financial Times. She co-authored a book on women in investment management, Undiversified: The Big Gender Short in Investment Management, published in summer 2021 by Columbia University Press. Ellen is a trustee of the National Public Radio (NPR) Foundation, as well as a board member of her local NPR affiliate, the Community Foundation of Western North Carolina, and the University of North Carolina Asheville Foundation. She serves as treasurer of the Wilma Dykeman Legacy and vice chair of the Department of Management and Accountancy Advisory Board at the University of North Carolina Asheville. She is a member of the Kellogg Financial Network Advisory Board. Ms. Carr also manages a family foundation (carrfamilyfoundation.org) which awards college scholarships in rural communities. Ellen has an MBA from the Kellogg Graduate School of Management at Northwestern University and received her B.A. from Harvard in 1994, where she graduated magna cum laude and Phi Beta Kappa. Ellen splits her time among Asheville, North Carolina, rural Tennessee, and New York. She has one son, two cats, and a pandemic puppy.

Katrina Dudley, CFA, CAIA - Senior Vice President, Portfolio Manager, and Investment Strategist - Franklin Templeton Investments

Katrina Dudley

CFA, CAIA - Senior Vice President, Portfolio Manager, and Investment Strategist - Franklin Templeton Investments

Katrina Dudley, CFA, CAIA is a Senior Vice President, Portfolio Manager, and Investment Strategist at Franklin Templeton Investments, one of the world’s largest asset managers, where she co-manages the Franklin Mutual Global Discovery and Franklin Mutual European Funds. She joined the Mutual Series investment team in November 2002. Ms. Dudley has a passion for advocating for women in finance and business. She has mentored many up-and-coming female investment professionals, speaking at industry events encouraging more women to enter the investment management industry, and helping female executives increase their familiarity with Wall Street. She is the author of the introduction to the Vault Career Guide to Mutual Funds and is co-author with Columbia Business School Adjunct Professor Carr, “Undiversified: The Big Gender Short in Investment Management”. Ms. Dudley is a frequent market commentator on Bloomberg and CNBC. Ms. Dudley earned an M.B.A. from New York University's Stern School of Business, a Law degree (with first class honors) and a Commerce degree from Bond University (Australia), and an Associate of Science degree (Computer Science) from the University of the People. She is a Chartered Financial Analyst (CFA) Charter holder and a Chartered Alternative Investment Analyst (CAIA). Within her community, she is a board member of the CFA Society of New York, Vice-Chair of the Board of The Children’s Village, a member of the AEI Leadership Network, an Adjunct Professor at Rutgers University, a Guest Lecturer at the NYU Stern School of Business, a member of the Management Advisory Committee of the NYU Michael Price Student Investment Fund, a member of the Digital Faculty of Portfolios with Purpose and a member of the Global Advisory Board of the Women in Finance & Investment Network.

19:10 Closing Remarks

About Collaborative WIM

Collaborative WIM is a global alliance comprised of CFA societies, FPA chapters and industry groups who have joined forces to further a shared vision of inclusion and diversity in capitalism. The collaboration includes approaching 90 supporting organizations across the United States, Canada, the Caribbean, EMEA and Latin America. These organizations demonstrate the commitment of the global finance community to inclusion and diversity, and to supporting the advancement and development of female leaders of all backgrounds. Together, Collaborative WIM and its supporting organizations provide high-caliber programming, professional development and geography-agnostic networking opportunities to support finance professionals of all backgrounds in their personal career journey.  To stay up to date on the latest, visit the new Collaborative WIM website to sign up to receive the CWIM global newsletter or consider joining the CWIM LinkedIn community. Replays of past events are available on the CWIM YouTube page.

Important information

  • Registrations will close on 18 October, 4 PM.
  • A kind reminder with instructions to connet to the Zoom platform will be sent to all registered participants in advance of the event.
  • By registering, you acknowledge that CFA Society Italy and Collaborative WIM will need to collect certain personal data about you, which will be used in accordance with the Terms of Participation and the CFA Institute Privacy Policy. This event will be recorded and you acknowledge that your image and/or voice may be recorded from this specific event for CFA Society Italy and Collaborative WIM purposes. By registering for this event, you agree to receive information from Collaborative WIM, including information about this event and future events. You may unsubscribe at any time by emailing Team@CollaborativeWIM.com