(Bloomberg Opinion) -- Jean Hynes, the incoming chief executive officer of Wellington Management, which has more than $1 trillion of assets under management, will soon be part of the rarefied world of female CEOs of large asset management firms. Hynes, this week's guest on the Masters in Business Podcast, expects the “novelty” of female CEOs will wear off as more women across all industries gain more experience and are elevated to top slots.
Hynes became one of Wellington's three managing partners in 2014, and her experience overseeing various parts of the firm led to her being named as the fifth CEO in its private partnership era. She takes over in June. We discuss the beginning of her career at Wellington as an administrative assistant, and her work with legendary health-care fund manager Edward Owens, who has been called “the best investor you've never heard.” When Owens retired in 2012, Hynes took over the $51 billion Vanguard Healthcare Fund – the country's largest health-care fund. Hynes will continue to run the fund while CEO.
A list of her favorite books are here; A transcript of our conversation is available here.
You can stream and download our full conversation, including the podcast extras on iTunes, Spotify, Stitcher, Google, Bloomberg, and Acast. All of our earlier podcasts on your favorite pod hosts can be found here.
Be sure to check out our Masters in Business next week with William J. Bernstein, Ph.D., M.D. He is a retired neurologist, principal in the money management firm Efficient Frontier Advisors, and author of several best-selling books on finance and history. He was the winner of the 2017 James R. Vertin Award from the CFA Institute. Bernstein's new book, The Delusions Of Crowds: Why People Go Mad in Groups, is being published this week.
This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.
Barry Ritholtz is a Bloomberg Opinion columnist. He is chairman and chief investment officer of Ritholtz Wealth Management, and was previously chief market strategist at Maxim Group. He is the author of “Bailout Nation.”
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