By Rachel Lerman
The Seattle Times
WWR Article Summary (tl;dr) Great look at a very successful investment fund out of Seattle run by a WOMAN! In fact this fund is not just run by a woman, half of Nancy Zevenbergen’s six-person investment team is made up of women — a rarity in the financial business. The company sees having female fund managers as a major advantage for its investors. The assertion being that women in business have a different perspective on investing, as well as different experiences and knowledge, bringing diversity to investments.
The Seattle Times
When Nancy Zevenbergen started her investment firm, Microsoft was still a private company. Amazon.com was years away from launching, and Tesla hadn’t even been dreamed up.
Nearly 30 years later, Zevenbergen Capital Investments has invested in all three companies, along with a host of other early public businesses that the small team thinks will grow to be smashing successes. So far, many of their investments have paid off. The two longest running funds have annualized returns of more than 10 percent, outperforming the growth benchmark.
The Seattle firm largely flies under the radar despite managing $2.5 billion in assets for clients — often large public pension funds or similar organizations — that invest a minimum of $1 million.
Led by a management team predominantly made up of women, the 17-employee firm has successfully settled itself into Seattle’s business community, surviving even through major economic downturns.
Now, Zevenbergen Capital is turning its focus to the next generation of wealth by launching two mutual funds targeted toward millennials.
Nancy Zevenbergen launched the company in 1987 after starting her career at Rainier National Bank as a teller and working her way up to research analyst. The job was interesting but the young financial analyst wanted to emulate Peter Lynch, whom she had studied in school.