Susan Solovay founded Pomegranate Capital in 2008 to invest in women-owned hedge funds. It’s quite a story, and while she shuttered the fund in 2009 in the wake of the ongoing Great Recession, she’s gone on to help entrepreneurs, both male and female, navigate the shoals of technology start-ups.
Susan cut her teeth by trading commodities, and quickly saw the dearth of women, and wisely asked, ‘Why’? She soon learned the answer, as she heard comments from the mostly-male bastion. Instead of evaluating women in finance based on the merits, she listened to guys say things like, “Don’t invest with her, she just got married”, as though domesticity had anything to do with determining risk-adjusted returns. “I found that women had great investment returns but managed just 10% of the capital that men managed”, she noted, ruefully. She set out to change the ratio.
