The study reviewed more than 4,300 personnel moves of full-time hedge funds professionals in the U.S., Europe/U.K. and Asia over one year. Even with the industry focusing on boosting diversity recruiting, hiring and promotion, data over the 12 month span shows they have not done well.
“Across regions, the aggregate hiring numbers suggest that employee movement remained predominantly male, homogeneous, and monochromatic,” Hunt Scanlon notes. “In the U.S., for example, 71% of all hedge fund employee moves were male, a higher share than both the broader U.S. financial services category (58%) and the American working population (50%). In Europe, 74% of moves were male and in Asia, 69%, further highlighting gender imbalance in hedge fund hiring across the globe.”