San Francisco — September 14, 2023 —Bailard, a values-driven asset and wealth management firm, is delighted to announce that Tess Gruenstein (Senior Vice President, Acquisitions & Portfolio Management, Real Estate) has been honored as one of Pensions & Investments’ Influential Women in Institutional Investing.

The inaugural 2023 class of P&I’s Influential Women in Institutional Investing recognized 65 industry leaders. P&I assembled an advisory board of leading investors and key industry executives to determine focus areas—including leadership and contributions to the advancement of women—and evaluate candidates on their ability to demonstrate measurable effects and results within one’s own workplace and within the industry.

Having joined Bailard in 2015, Tess is a highly skilled and effective leader who has made significant contributions to the success of Bailard’s real estate efforts, and the company at large. As a testament to Tess’s exceptional achievements, Preston Sargent, Executive Vice President of Bailard Real Estate noted, “Tess has a very special blend of skills and qualities that make her an extraordinary leader, manager, partner, co-worker, and friend. She has an unyielding commitment to fairness, quality, and doing the right thing.”

With her early experiences and support from professionals in the institutional real estate industry, Tess has dedicated herself to providing similar opportunities for others. As a woman in commercial real estate, Tess works to serve as a spokesperson, role model, and advocate, consistently promoting her team’s work. Tess seeks to drive positive change and create a more equitable and inclusive workplace culture for women in real estate.

“It is a mixture of very good luck, great colleagues and mentors, and hard work that gave me the kind of exposure and career growth to get here,” said Gruenstein. “The recognition that diversity of perspective, gender, and economic and educational backgrounds leads to more dynamic, forward-thinking workplaces is still new and so essential. I benefited from this perspective at multiple points in my career, and I cannot stress enough how it made all the difference for me. I will proudly pay this forward as we support the next wave of women in the business.”

Bailard extends its heartfelt congratulations to Tess Gruenstein for this well-deserved recognition. Her contributions have driven much success, and we look forward to her continued leadership.


About Bailard, Inc.

Founded in 1969, Bailard is an independent asset and wealth management firm serving individuals, families, and institutions alike. Bailard has built a long‐term asset management track record across domestic and international equities, fixed income, and private real estate, as well as robust, in-house sustainable, responsible and impact investing expertise. Through it all, Bailard works with clients to align their financial goals with their values. With $5.5 billion in assets under management as of 6/30/2023, Bailard is a majority employee-owned and women-led firm, and a Principles of Responsible Investing (PRI) signatory. A values-driven firm based in the San Francisco Bay Area, Bailard is deeply committed to its core values of accountability, compassion, courage, excellence, fairness, and independence.


About P&I’s Influential Women in Institutional Investing

Pensions & Investments, owned by Crain Communications Inc., is the 50-year-old global news source of money management. It released this inaugural list of Influential Women in Institutional Investing in September 2023, with 65 honorees. To be eligible, women must be currently employed in institutional investing, have a minimum of 7 years of experience in the industry and demonstrate a measurable effect and results within one’s own workplace and within the industry. Women across the institutional investment industry are eligible (allocators, asset managers, consultants, service providers, etc.) and should ideally demonstrate a commitment to attract, retain, support and promote women into the industry. This award does not evaluate the quality of services provided to clients and is not indicative of Bailard’s future performance. There was no cost for Bailard to enter.