London top for female fund heads

LONDON has emerged as the equal top location for female hedge fund managers, a new study published today finds.

The capital hosts 16 of the top 50 leading women in hedge funds, who between them manage several billion pounds worth of assets, according to the study by the Hedge Fund Journal in association with professional services firm Ernst & Young.

Traditionally, hedge fund businesses have been male dominated, but women are making an increasing contribution to the sector’s development and success.

There are also 16 female New York female hedgies on the list, the same number as Londoners, in a sign that other centres are eroding London’s traditional dominance of the industry.

Among the UKā€ˆfemale hedge fund bosses on the list is the embattled Elena Ambrosiadou of Ikos, who is alleged to have ordered a private detective to snoop on her estranged husband and other colleagues at the fund.

“The 50 Leading Women in Hedge Funds 2011 survey definitely shows the role of women in hedge funds is expanding,” said Bill McIntosh, editor of the Hedge Fund Journal. “This is an industry that is innovative and changing rapidly, in short, an ideal environment for talented women to tap new opportunities.”