I read a great article yesterday in the FT about a new programme at the University of Tennessee funded by female fund manager Renée Haugerud, founder and chief investment officer of $1.1bn commodities- focused hedge fund Galtere. As a woman in finance she was so fed up with the under representation of women she decided to donate $1.5m to establish an initiative called Finance for the Future, a multi-disciplinary studies centre focused on examining and teaching about hedge fund trading from a female perspective. “My purpose was primarily to address the paucity of women in hedge funds and particularly trading,” says Ms Haugerud. “The male and female brains at times work very differently, and historically much of the teaching of trading and finance is male-orientated,” she adds. “The initiative’s aim is to provide innovative methods of teaching, designed to make women as recognised and successful in the financial industry as men are, and to create an environment where women can thrive.” She is keen to ensure that like her team at Galtere, trading desks become more diverse both in gender and nationality, which she believes will lead to better results. Having one or two token women doesn’t work as they just learn to blend in with the men and it’s business as usual. What is particularly depressing is that even in an organisation designed for women, men still felt they had the qualifications to teach trading from a female perspective. And to prove my point about men displaying inordinate, and even unmerited confidence in their abilities, 13 of the 15 applications for the role of Women in Finance director were men!