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Lady Hedge Fund Manager/CFA Charterholder Sara Grillo Mentors Young Women Looking To Succeed In Business, Love

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Sara Grillo is a manager with hedge fund advisor Diamond Oak Capital Advisors and the topic of a recent Bloomberg article. What about Grillo intrigued editors enough to profile her? Without having spoken to anyone over there an educated guess would have to be her ability to overcome obstacles and in doing so, set examples for females trying to break into a male-dominated field. Obstacles such as:

1) Unemployment

Work in a bar. That was a friend’s suggestion for Harvard graduate Sara Grillo after she was laid off from Lehman Brothers Holdings Inc. in 2008. Two years later, the hedge-fund analyst is campaigning to get more women into top financial jobs. Grillo, 32, who co-manages hedge fund advisor Diamond Oak Capital Advisors LLC, found herself among 225,000 unemployed finance workers that year as the subprime market collapsed. “If I were a tall, broad shouldered, gray-haired, 50-year- old man with the same credentials, nobody would have suggested I take a job for less than one eighth of my salary,” said Grillo in a telephone interview from her home in Queens, New York City.

2) The fail rate of the venerable CFA exams

Dismayed by friends’ suggestions that she quit finance, Grillo vowed to help more women join the industry, setting a goal of raising the proportion of women Chartered Financial Analysts to 50 percent from the current 19 percent. “I’m a CFA charterholder and I always look women right in the face and tell them that if I did it, they can do it as well...I wanted those letters after my name so badly,” she said. “If it took me 80 years, it was going to say, ‘Sara Grillo, CFA’ on my tombstone.”

3) Cheapskate boyfriends who apparently deserve to be called out in publications read by millions of people.

Grillo said she and her boyfriend were faced with a choice between a platinum, gold or silver engagement ring. He said he didn’t care which one she chose so long as it was the cheapest. Grillo did care, so she dumped him and invested the money for the wedding in Commercial Metals Co. a small-cap stock that made her as much as 300 percent in profit.

Harvard To Lehman To New York's Subway [Bloomberg via Daily Intel]


Area Hedge Fund Manager: Leave Harry Alone!

As you may have heard, earlier this week the lovable scamp that is Prince Harry of Wales got in a bit of hot water when he was photographed ass naked in Las Vegas, with a bunch of equally ass naked ladies, following some sort of swim meet with Olympic gold medalist Ryan Lochte. Those photographs, some of which involved a billiards table and pool cues, were subsequently run on the covers of various newspapers and the Queen, being none too pleased, told her grandson to get on the first flight back to London (apparently in a tone so scary he knew she meant business and "did not mingle with other passengers," instead remaining "in the upstairs cabin of the 747" to think about what he'd done). While it's unclear what kind of punishment the Queen has in mind, or if she's yet delivered the sort of tongue lashing generally reserved for naughty Corgis and her subjects at RBS, in the meantime many have come to the prince's defense and advised the old lady to back off, like the hedge fund manager the Times found on the tube who thinks the Queen should relax and have a good laugh about it. She'd be doing the same thing if Prince Philip ever gave her a weekend off. Among people surveyed at random in central London, including subway commuters reading about the Las Vegas incident on the front page of the tabloid the Evening Standard, the verdict was mostly thumbs-up. “I think it’s quite funny,” said John Daniels, 46, a hedge fund manager. “I’m sure most people would like to be doing exactly the same thing, especially in Vegas. This is his own private time and people shouldn’t be taking photographs of him.” For Prince Harry, Vegas Exploits Didn't Stay There [NYT]

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Hedge Fund Manager Are Sad

And dying from a form of cancer that attacks alpha generation, they say.