Breckinridge Capital Advisors is partnering with Girls Who Invest to advance the non-profit organization's mission of increasing the number of women in portfolio management and executive leadership in the asset management industry, the firm said Monday.
Breckinridge Capital Advisors, with $40 billion in assets under management, will provide financial support for Girls Who Invest, which offers rising college juniors an on-campus summer program where they spend four weeks learning financial concepts, and financial statement analysis and presentation skills. GWI Scholars cover 40 distinct undergraduate majors and the 150 young women participating in 2019's summer program represent 62 colleges.
The firm will also host interns this summer as part of GWI's six-week summer program. "Our partnership with GWI aligns with our belief in thoughtfully integrating sustainability into our investment approach and how we govern our own business. We believe that it is important for us to mirror the behaviors that we look for in issuers," said Breckinridge Chief Investment Officer Laura Lake.
Girls Who Invest, which also offers an online program, was started in 2016 and 80% of its alumni are still in the investment business. "They are helping to change the demographic diversity of future applicants," Ms. Lake said.
Ms. Lake and Girls Who Invest CEO Janet Cowell discussed the state of gender diversity in the asset management industry in a podcast recorded March 6.