Episode 12: Gender Diversity: The Curious Case of Stagnation with Nicole Musicco and Ron O’Hanley

One of the key doctrines of modern investment management is diversification, and yet it is remarkably absent from team construction across all spectrums of the investment profession.  Countless studies have shown that there is a diversity premium for organizational performance, capital allocation and indeed, investment outcomes and yet we seem trapped in mid teen representation of women.  More concerningly, progress seems to have stagnated in recent years.  In this episode we lament the lack of impact but more importantly delicately attempt to unearth the root causes of this flattening of the curve, namely the pipeline, COVID, and the DEI movement.  Join us for this earnest and honest assessment of what works, what doesn’t, and how a more mature discourse is needed on this generationally important topic. Introduction (0:48) Halftime (43:58) Guests (47:23) Guests: Nicole Musicco, Former Chief Investment Officer of CalPERS and angel investor Ron O’Hanley, Chairman and CEO, State Street  Episode Sources