Women in the alternatives investment industry are not usually known for their modeling, jewelry designs or television appearances. But members of professional and philanthropy group 100 Women in Hedge Funds gave themselves an injection of glamour by electing Ivanka Trump to their board.
Previously a member, Trump was one of four new directors to be announced this week. She joined the 18 woman board with Charlotte Beyer, founder of the family office network Institute for Private Investors; Diana Cantor, partner of money manager Alternative Investment Management; and Daphne Richards, managing director of wealth manager Bessemer Trust Company.
100 Women in Hedge Funds is a misnomer: There are thousands of members who represent all aspects of the alternative investment industry. Hence the election of Trump, who is executive vice president for development and acquisitions at The Trump Organization, the real estate company owned by her father Donald.
Mimi Drake, president of Permit Capital Advisors and global chair of the 100WHF Association Board, put the appointment in context. "The organizational changes we are announcing today reflect the deepening of our senior practitioner base to include family office leadership, private equity investors, real estate investing and women on corporate boards, in addition to our traditional member base of those who invest in, support and work in the alternatives industry," she said in a statement announcing the new board members and the establishment of an advisory council.
"It is an honor to join this collection of inspiring, powerful women who are leaders in their respective industries," Trump said in a statement to Absolute Return.
Formed in 2001, 100 Women in Hedge Funds says it has more than 10,000 members in 15 locations around the world. The group has also raised $28 million for women's and family health, education and mentoring.
See also: 100 Women in Hedge Funds raises $1.4 million for charity | 100 Women to honour Oxfords Robertson at London gala