A new philanthropy group for women in business will launch next week.

The new group 100 Women in Hedge Funds (100WHF) has already notched up more than 100 members and will officially launch at the Global Hedge Fund Forum, to be held at the Fairmont Southampton next week.

The organisation has lined up Jim Rosebush, former deputy assistant to ex-US President Ronald Reagan and chief of staff to first lady Nancy Reagan.

And Natalie Deak Jaros, co-leader of Americas hedge fund practice at professional services firm EY will deliver a speech on pushing the role of women as an economic necessity.

Alison Morrison, managing director of Oyster Consulting, who helped found 100WHF in Bermuda and is now chairman, said: “We have enjoyed incredible support from women in Bermuda in all financial services industries who want to be a part of this organisation.

“With our membership well above the 100 minimum requirement, we are ready now to move on to the next phase of our plans.”

100WHF was founded in 2001 and now has more than 13,000 women professionals around the world on its books.

The group was set up to offer networking, educational and philanthropic opportunities and has raised more than $36 million for charitable causes involved in women’s health, education and mentoring.

The Global Fund Forum will bring together hedge fund managers and investors for one-on-one meetings.