Thursday seminar: Hedged Out

  • Date: –15:00
  • Location: Zoom
  • Lecturer: Megan Tobias Neely, Assistant Professor of Organization, Copenhagen Business School
  • Organiser: The Centre for Gender Research
  • Contact person: Nicole Oversen
  • Seminarium

Why is the “one percent” in the United States composed of mostly White men?

Welcome to the seminar Hedged Out: Insecurity and Inequality on Wall Street

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I present an insider’s look at the inner workings of the notoriously rich and secretive U.S. hedge fund industry. Drawing from interviews and field observations of the industry, I show how the industry’s White male domination and extremely high earnings are deeply intertwined.

Hedge funds capture the upper echelons of a society in which elite White masculinity has been redefined as the capacity to manage risk and insecurity.

Facing an unpredictable and risky stock market, hedge fund workers, who are predominately White men, protect their interests by working around-the-clock and building tight-knit networks with people who are like them. By restricting access to outsiders, they can demand the high pay that widens economic inequality.

Megan Tobias Neely. 2020. “The Portfolio Ideal Worker: Insecurity and Inequality in the New Economy.” Qualitative Sociology 43: 271–296.

 Megan Tobias Neely. 2018. “Fit To Be King: How Patrimonialism on Wall Street Leads to Inequality.” Socio-Economic Review 16(2): 365–385.

Megan Tobias Neely. 2017. Hedged out: the reproduction of elite structures in finance. The dissertation is also forthcoming as a book published by the University of California Press.

Thursday seminar: Hedged Out
Last modified: 2021-07-05