The National Association of Investment Companies (NAIC) today announced the inaugural cohort of its new Paradigm Changers internship program for graduate and undergraduate students focused on introducing diverse women from non-traditional fields of study to the alternative investments industry. The internship program was created by NAIC to create a pipeline of women of color in an industry that, despite what research has proven in terms of the positive impact that diversity has on the bottom line, continues to be extremely monolithic in terms of its talent composition.

The competitive internship program, which includes placements at leading NAIC and American Investment Council (AIC) member firms, includes a cohort of more than a dozen talented pre-MBA, graduate, and undergraduate students from a diverse cross-section of backgrounds, experiences, and majors.

“I am thrilled to welcome this exceptional group of young women who are at the start of their careers into our program and introduce them to the exciting world of private equity and hedge funds,” said NAIC Chief Operating Officer, Carmen Ortiz-McGhee. “We know that a diverse mix of experience, backgrounds and ideas generates stronger returns for firms, that’s why it is crucial that we, as an industry, shift the paradigm of how we recruit to be much more inclusive. The NAIC is proud to lead the way and blaze a trail for the next generation of female leaders in alternative investments with this program,” said Ortiz-McGhee.

Read more/Source: PRNewswire