Estimated reading time: 0 minutes, 46 seconds

Hedge Funds Worldwide Failing On Diversity

Hedge funds in the U.S., Europe and Asia are coming up short when it comes to diversifying their ranks. So reports Hunt Scanlon, citing a study from HFObserver and Solomon Page.

hands 1939895 640 smallThe 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.”

Read the full article from Hunt Scanlon.

Read 86 times
Rate this item
(0 votes)

Visit other PMG Sites:

click me
PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.