Women's role will be fund's focus

Cherie Blair, wife of former Prime Minister Tony Blair, and the ex-prime ministers of Canada and New Zealand will launch one of the first funds to focus its attentions on investing in firms with women executives. The Women’s Leadership Fund, which was initiated by Zurich-based group Naissance Capital, is seeking to invest up to $2bn (£1.2bn) and take up active roles in firms with few women in high positions. The new fund exemplifies a drive to invest in gender diversity. It is also based on a study which shows companies with more women perform better.