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Meet the women investors setting up next to Warren Buffett’s annual meeting

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02.05.2019

For nearly 20 years, financial advisor and entrepreneur Laura Rittenhouse has attended the famed Berkshire Hathaway shareholders meeting known as Warren Buffett’s annual “Woodstock for capitalists.” As the author of a book that Buffett himself endorsed—and a friend of his—Rittenhouse was often invited to speak with investors at the conference. “I would go into a room and realize that in a room of 100-200 people,” she says, “I was one of count-them-on-one-hand women in the room.”

Women aren’t just missing from legacy conferences like the Berkshire Hathaway meeting. They’re vastly underrepresented across the $69 trillion asset management industry. According to a recent Knight Foundation study, women-owned and minority-owned investment companies account for about 8.6% of all asset management firms. (The study defines ownership as 25% or higher.) And when it comes to the assets managed by those women—which Rittenhouse and company are now referring to as AUFM, short for assets under female management—their value is about 1% of total assets under management. The study also found that diverse........

© Fast Company