Following this theme, it was interesting therefore to see a report in Citywire money which revealed that just 10% of the world’s fund managers are women. The picture is in fact very mixed across the globe with 27% female representation in Spain against just 6% in Germany and 9% in the UK. One interesting observation to arise from this report was that women fund managers did better than men on a ‘risk-adjusted’ basis but that male fund managers tended to dominate the top and the bottom of the charts. With the top performing funds tending to gather the greatest publicity this could lead to the perception of fund management being a male dominated industry and therefore dissuade women from seeking fund management as a career path.
Following publication of the report, various industry leaders have commented about the importance of diversity in reflecting the wider society, in attracting the maximum number of talented individuals, in delivering better client outcomes and in delivering more stable returns which meet long-term client needs.
These are comments which could equally apply in a number of business sectors which are perhaps less diverse than would be ideal. They are also comments which don’t simply refer to gender diversity, but also could be applied to age, experience, background or any other type of diversity. As Michelle Obama said diversity is “a resource to be tapped” and we can all play our part in helping others to make the most of their talents.