Asia’s wealthy heirs are backing women in business
JAKARTA (BLOOMBERG) - When Grace Tahir's daughter turned 14, they sat down to talk careers. As a family linked to two Indonesian billionaire patriarchs, a life of leisure has always been an option for the women in the family - but the teenager said she wanted to work, like her mother. That sparked a renewed determination in Ms Tahir to help advance women, pushing her to pour more funding into investments with a female focus. "I would hate to see in 10 or 20 years' time, when they get into the workforce, them facing the same situation I see myself in right now where a lot of things are very male-dominated," 44-year-old Ms Tahir, who has founded start-ups and is now a director at her family's Mayapada Hospital group, said of her three daughters. Ms Tahir's interest in so-called gender lens investing is part of a growing trend among Asia's rich families, as young generations inheriting wealth put their money to work in more novel ways that may also have positive impact. It helps that the research is beginning to back them up, with a number of studies now suggesting that a focus on gender-equal companies can help portfolio managers outperform. The growth of this practice is particularl...
