Diane Garnick Seeks Lift for Wall Street Women With New Firm

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Diane Garnick, a former investment strategist at Invesco Ltd., said she is opening an asset management firm today that she hopes will help tilt the balance of the top Wall Street jobs more in favor of women.

Garnick, who turns 45 today, said she is founding New York-based Clear Alternatives LLC with a staff of three other women that she plans to boost to 12 by the end of this year. The firm has lined up pledges from potential investors and her goal is to raise at least $500 million in assets under management by Dec. 31, she said.