The global fund management industry missed out on some USD 3 tn in investments because of gender imbalances in investment participation, which “overwhelmingly targets men,” analysis commissioned by BNY Mellon Investment Management showed, according to Bloomberg. Gender bias tends to be common in fundraising for women-led businesses as well, with women founders raising less funding at lower valuations, for lower equities. Overlooking women also undermines investments in sustainable assets, the study says, suggesting that almost USD 1.9 tn of the foregone investments could have gone towards ventures that are more beneficial “for the society and environment.”

Facebook sells off Diem assets to Silvergate, effectively waving goodbye to its stablecoin plans: Blockchain-based payment network Diem Group (formerly known as Libra) has sold its intellectual property and other technology assets to Silvergate Capital Corp, Silvergate said, without disclosing the price of the sale. Diem, which is backed by Facebook / Meta, never made its public debut and only operated in a pre-launch phase. The project was expected to take off when Diem struck a partnership with Silvergate Capital to issue the Diem USD stablecoin, but the initiative has faced significant pushback, including from the US Federal Reserve.

Millennials and Gen Z workers are more stressed out than boomers: Around 61% of employees under the age of 35 are overwhelmed at work, anxious about their job security, and worried about their finances, a study by Bain & Company found. A combination of macroeconomic stressors along with the new, darker effects of technology have the younger generations at a disadvantage, compared to their older peers, the study shows. Social media has them constantly comparing their lifestyles with others who appear to be more successful, while emails and constant availability have made work spill over into personal time — an issue made worse by working from home due to the pandemic.

The upside: Professionals from emerging economies are seemingly less despondent about their future: Some 81% of workers in emerging markets were optimistic about their lives improving in 5 to 10 years, compared to 63% in developed economies, the report said.