The asset management industry has been accused of making only “grindingly slow” progress on gender diversity, with women still accounting for just 13% of UK fund managers — a figure virtually unchanged over the past decade despite numerous high-profile initiatives.
According to the latest Citywire Alpha Female report, the UK figure mirrors the global average. Out of more than 18,400 money managers worldwide, just 12.9% are women, compared with 12.5% last year and 10.3% in 2016.
Sophie Downes, who co-authored the report, said: “We’ve heard a lot about diversity initiatives in investment firms, but progress on the overall numbers has been grindingly slow.”
The absolute value of assets managed by women has tripled over the past ten years to £4 trillion, but this growth reflects a rise in mixed-gender teams, which now manage almost 15% of funds, up from just 6.7% a decade ago.
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