Hedge Funds

Distaff sows the seeds for women-only funds

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In an effort to increase the number of women portfolio managers, Barbara Justiz and Leslie Lake are launching Distaff Advisors, a company that will provide seed captial, insurance products and other support for talented female investment managers.

Justiz and Lake believe that one of the biggest deterrents to women portfolio managers striking out on their own has been access to capital, something they aim to change with their new venture. However, they emphasize that Distaff Advisors is not a charity and stress that they are not suggesting that women make better managers than men.

Distaff will apply the