Women in hedge funds wield power, for a cause

Seattle Post Intelligencer – Leslie Rahl has been running a hedge fund advisory firm for a dozen years, after a long career running the derivatives desk at Citibank.

A typical day might be spent meeting with clients from Japan and Norway, but one recent afternoon she was accompanying Dasharah Green, a fifth-grader from the Bedford-Stuyvesant neighborhood of Brooklyn.

“What do you do?” asked Dasharah, who is 10 and wants to be a pediatrician, while waiting to tour the NBC studios in midtown Manhattan with some classmates and an equal number of high-powered women.

“I actually run my own company,” said Rahl, who is 55 and wore an electric blue coat with fur trim.

“What is it about?” Dasharah asked.

The hedge fund business is about many things, but it is mainly about men. Women manage money at just a tiny fraction of the nearly 9,000 hedge funds, the lightly regulated partnerships that invest in everything from stocks to exotic derivatives.

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