University-Industry Engagement Week

Hedge fund seeks to link with universities to build more diverse talent pipeline

By David Schwartz
Published: January 10th, 2022

Bridgewater Associates, the world’s largest hedge fund, has launch of a new “Rising Fellows” program to expand access to the financial services industry for students in their first year of college and help build a more diverse pool of future investment talent.

The three-week virtual program will focus on recruiting students from backgrounds that are underrepresented within the industry and from a wide range of universities, including HBCUs, as well as through diversity recruiting partners such as Out for Undergrad (O4U), BLK Capital Management, and Prep for Prep. The program is designed around several core principles to give students well-rounded exposure and experience, including:

  • Providing an early introduction to the finance industry;
  • Building skills to help understand investing and the mechanics of the global economy;
  • Offering practical experience via projects guided by Bridgewater’s investment professionals.

“As we continue to explore ways to make our industry more diverse and accessible, the Rising Fellows Program will help launch new relationships and start encouraging future stars as early as their first year of college,” said Alan Bowser, co-head of Americas Region and chief diversity officer at Bridgewater. “By leveraging our unique network of clients in tandem with DEI-focused organizations and universities, we believe Rising Fellows will be a driving force in helping us accomplish that objective.”

In addition to forming relationships with Bridgewater, students in the Rising Fellows program will earn a stipend and have the chance to create connections with Bridgewater’s clients, many of whom share the goal of increasing diversity in the investment industry. Graduates will be considered for future opportunities at Bridgewater, while their resumes and projects will also be packaged and shared with Bridgewater clients and alumni for access to a wider range of potential roles.

“Diversity of thought, background and identity are incredibly important to the work we do; however, as an industry we often look to solve the DEI issue in the post-grad talent pool as opposed to educating students about our industry when they are just charting their college paths,” said Robyn Shepherd, Bridgewater’s head of corporate engagement. “Through our Rising Fellows program, we are looking to change this by not only committing to giving participants robust exposure to the industry early in their college careers, but also maintaining engagement with these emerging professionals after they complete the program.”

Source: Cision

Posted under: University-Industry Engagement Week