University investment committees dominated by women are outperforming those controlled by men.
The old boys’ network is costing university endowments money. Investment committees that have female majorities typically generate higher returns than committees that don’t.
“There’s something about the way women lead and the way they collaborate,” says Jolyne Caruso-FitzGerald, a 35-year Wall Street veteran and chair of the board of trustees at Barnard College, a women’s school in Manhattan. “There’s this intimidation factor on mostly male boards. They have a way of shutting down women. I wish people would just look at the data.”
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