Foundation’s Mental Health Initiatives for Children and Young People.
Baraud also attended a private reception with the Duchess of Cambridge
in support of such fundraising initiatives.
Global Angels of 100WF Cayman are members who play a vital role
in helping to fund ongoing operating expenses and to ensure that the
body’s educational programmes continue to be free for members. Baraud
represents the Cayman Islands as a Global Angel member of 100WF.
This branch of 100WF also holds events. The Global Angels Supper
Club launched in the Cayman Islands at the start of 2019. The first event
was held at the private residence of Global Angel Baraud and hosted
the organisation’s Global Angels as well as special invited guests such
as representatives from the Alternative Investment Management
Association, Cayman Finance and the Ministry of Financial Services.
The Global Angels Supper Club concept will take place twice per year
at hosted venues in the Cayman Islands. This event is one of many new
event concepts which will be rolled out as part of a wider Global Angels
programme. At each designed event, Angels will have an opportunity
to network, be presented with curated educational content and be
offered the opportunity to support and raise awareness for GirlForce
100, the organisation’s mentoring programme which supports young
women in the public high schools of the Cayman Islands looking to
develop careers in finance.
“This inaugural event established the Cayman Supper Club series and
is meant to provide regular fellowship at bespoke and unique events
for our most senior members and special invited guests,” Baraud says.
On the Cayman Islands, 100WF has a main committee and three
sub-committees covering the three pillars of its ethos: philanthropy,
education and peer engagement.
Its main committee is co-chaired by Tammy Jennissen of MaplesFS,
and Monette Windsor of MUFG Alternative Fund Services. Also
represented on this main committee are representatives from: DMS
Offshore; Butterfield; Intertrust; Northview Services; PwC; Harbour;
Mourant Ozannes; Deloitte; and Maples and Calder.
Three pillars: philanthropy
The Philanthropy Committee is co-chaired by Anne-Marie Leadbetter,
from Harbour, and Laurie Mernett from Deloitte.
The organisation’s global philanthropy theme for 2019 was unveiled
in March and is “Investing in the Next Generation”. The global
body said at the time that this was chosen in direct response to a
100 WOMEN IN FINANCE
It noted that the alternative investment industry is known to be one of
the most dynamic, intellectual and rewarding fields for bright young minds
to apply their skills. Globally, however, fewer than 19 percent of employees
in the industry are women. In investment roles, fewer than 15 percent
of employees are women, and among hedge funds, fewer than one in
10 portfolio managers are women, according to Prequin (data from 2017).
It said that this should be seen as “industry underperformance”.
There is no simple, quick fix: the factors that contribute to gender
imbalances are multifactorial and require a constellation of initiatives
to improve women’s representation.
100WF stressed that an important part of the solution is to make
the industry more visible and appealing to a diverse group of
pre-career young women, and to support them in the early-stages of
their careers. 100WF plays a critical, industry-supporting role in this
way. It runs successful programmes to establish a larger presence
of women in the industry, in investment roles, and onwards toward
executive leadership, it noted at the time.
Some of the work being done by the philanthropy pillar includes:
NextGen groups, 100WF’s global network for early-career women
offered in nine locations; professional development programming,
including scholarships offers for career advancement in investment
roles; mentoring programmes in which female students are paired
with 100WF mentors; encounter opportunities for teens that enable
career inspiration from female industry role models, and opportunities
for NextGen members to be industry ambassadors; and Fund Women:
100WF’s umbrella campaign to influence young women’s aspirations
by changing the default public perception of what an investment
professional looks like, and to enable greater capital allocation to
female-managed funds via 100WF’s investor conferences.
“We are pleased to announce that GirlForce 100 has been selected
as the Cayman Islands beneficiary supporting 100WF’s global
philanthropic theme, ‘Investing in the Next Generation’,” Philanthropy
co-chair Mernett says.
CAYMAN FUNDS | 2019 87
Opposite, from left: Michelle Wight, Danielle Hennings, Jelena Vujovic,
Bianca Leacock, Brittany Fox, Sally Thornton, Audrey Rankin, Sarah
Dombowsky, Angilynn Baraud, Renee Caudeiron, Ruthanna Young.
Brittany Fox (left) and Renee Caudeiron, co-chairs of 100WF NextGen, at
the 100WF NextGen Inspire event.
Attendees at the 100WF NextGen Inspire Event hosted at the Marriott,
Angie Baraud and Sandra ‘Pepa’ Denton and Cheryl ‘Salt’ James of the
hiphop group Salt-N-Pepa at the Pep Talk event hosted on the rooftop of
the Grand Cayman Beach Suites.