Managers Wedded To Diversity Status Quo
Updated: Sep 9, 2022
More asset managers are paying more attention to diversity than before, but they remain relatively wedded to the status quo when it comes to actually improving metrics, says Meketa Investment Group’s annual ‘Diversity, Equity & Inclusion Questionnaire.’ Asset managers are most willing to report annual diversity statistics to their clients ??? 52 per cent said they share this information. As well, 49 per cent share data with consultants, 39 per cent with prospects, and 23 per cent with regulators. However, what that information shows is there has been little change overall in terms of the makeup of these firms, particularly at the leadership level. The top quartile of asset managers ??? those with a staff makeup of more than 42 per cent women ??? saw no year-over-year increase in terms of gender diversity. This was also the case with the top quartile in terms of the gender makeup of portfolio managers. The top-tier firms, those that reported that more than 20 per cent of their portfolio managers are women, saw no change in the number of female portfolio managers on their teams.