Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Krawcheck Ellevates Herself Into the Mutual Fund Biz Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, June 5, 2014

Krawcheck Ellevates Herself Into the Mutual Fund Biz

Reported by Anastasia Donde

The former reigning queen of Merrill Lynch's wealth management business has certainly been busy. Between coaching women on advancing their careers and fair pay via her Ellevate Network business, speaking at events, and Tweeting up a storm, Sallie Krawcheck has certainly been making waves.

So what's she up to now?

Sallie Krawcheck
Ellevate Network
Business Leader
Well, she is backing the Pax Ellevate Global Women's Index Fund, a mutual fund formed by a JV between Pax World Management and Ellevate, that invests in companies that are leaders in advancing women. That fund had been actively managed since 1993, but it will now invest passively.

Kathleen McQuiggan, senior vice president of global women's strategies at Pax World Management, said the fund now tracks about 400 firms, whereas it used to focus on 80 positions before. She thinks the broader, passive exposure is a better way to invest in these companies, as she believes they have stronger long-term financial performance potential and don't necessitate stock picking.

The Pax World Global Women’s Equality Fund (the former active fund) had $48 million in assets, and all that money was rolled over to the new passive strategy yesterday, following shareholder approval. Krawcheck will be chairing the board of Pax Ellevate Management and will be a trustee on the fund. McQuiggan said Krawcheck met Joseph Keefe, president and CEO of Pax, at one of the 85 Broads (what Ellevate used to be called) chapter events about a year ago and the two hit it off and decided to work on the joint venture.

Krawchek left BofA Merrill Lynch in 2011 amid a restructuring following the combination of the two businesses. She has since written and spoken publicly about her experience of being ousted, corporate culture and helping women get ahead in their careers.

Pax is an investment firm focused on sustainable and ESG strategies. 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2025: Q3Q2Q1
2024: Q4Q3Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly


    Sorry, no records in the database matched your search parameters. Clich back and try again.



  1. Nicsa webinar - New research by Alex Edmans and the Diversity Project - The Power of diverse thinking: How the best teams make decisions, July 1
  2. MFDF Director Discussion Series - Open Forum, July 9
  3. MFDF webinar - Mid-Year Tax Update for Registered Investment Companies, July 10
  4. MFDF Director Discussion Series - Open Forum (Philadelphia), July 15
  5. 2025 MMI Women in Advisory Solutions Forum, Jul 15-16
  6. Nicsa webinar - How Trusted GenAI is Transforming Data Access in Asset Management, July 16
  7. MFDF webinar - M&A and Consolidation in Asset Management, July 16
  8. MFDF webinar - ETF Conversions, July 17
  9. MFDF Director Discussion Series - Open Forum (New York), July 22
  10. MFDF Ask Anything webinar - AI Edition, July 24
  11. MFDF webinar - Use of Derivatives by RICs, July 29
  12. MFDF Director Discussion Series - Open Forum (Columbus, Ohio), August 20
  13. Samfund Soiree Boston 2025, August 21
  14. MFDF webinar - The Audit Committee Chair's Guide to Balancing Duties and Emerging Issues, September 3
  15. ICI ETF Conference, Sep 8-10
  16. Nicsa webinar - Reimagining Reconciliation: AI, Regulation, and Capital Markets Transformation, September 10
  17. MFDF webinar - Series Trust Funds - Compliance and Board Reporting, September 10
  18. MFDF In Focus - Board Oversight of DEI in Current Landscape, September 11
  19. MFDF webinar - MFDF 15(c) White Paper Webinar Series: Part 4 – Enforcement Action Takeaways, September 16
  20. MFDF webinar - Latest in Closed-End Funds Litigations, September 23
  21. MFDF webinar - Fixed Income Insights: Navigating Market Trends & Opportunities, September 24
  22. MFDF webinar - Risk Management Essentials for RICs and Boards, September 29
  23. MFDF webinar - Diligent - Tools for Fund Board Book, October 1
  24. 10th annual Fuse Forum, October 8
  25. MFDF webinar - Essential Strategies in Board Oversight of Operational Risk Management, October 14
  26. 2025 MMI Annual Conference, Oct 15-17




©All rights reserved to InvestmentWires, Inc. 1997-2025
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use