9 hot new hedge funds launched by leading women of the finance world

'It is a watershed moment to have multiple female-led hedge fund launches,' says Dominique Mielle, a former partner and portfolio manager at Canyon Capital

When Mala Gaonkar and Divya Nettimi open their hedge funds in 2022, some bankers and investors expect they could each start with $1 billion or more under management. There has never been such a large launch by a woman-led firm, never mind two in the same year. 

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They are just the most prominent of a group of women who are opening, or have recently opened, funds around the world. It’s been a long time coming. Of the thousands of hedge funds, only about 80 are led by women today, according to the Kresge Foundation, a Troy,