Mon, Dec 9, 2019
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Investors pressure alts firms to embrace diversity

Friday, February 08, 2019

Bailey McCann, Opalesque New York:

The alternative investments industry has improved when it comes to gender diversity in management positions, but there is still a ways to go according to a new report from KPMG. The sixth annual Women in Alternative Investments study looks at the efforts asset managers, investors, and others are making to help women advance in their careers.

The report was based on a global survey of 886 participants, which, for the first time, included both women and men.

The inclusion of both male and female responses produced some interesting findings. Where men thought that their companies were doing well on diversity issues, women took a more nuanced view. 65 percent of men said that diversity was an important part of the business strategy at their firms whereas only 50 percent of women felt the same way. 30 percent of male respondents said that their firms weren't doing enough to advance women, compared to 48 percent of women who felt the same way.

"It was really interesting for us to see how each gender perceives diversity at their firm," said Al Fichera, global head of alternatives at KPMG. "Obviously, it's not perfect yet. But we are seeing progress year over year. Now investors are getting into the mix and adding pressure - so it is likely that we are going to see firms do more in response to that."

Data in the report shows that over the next year, 75 percent of the investors surveyed said they plan to ask investment te......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. 50 South Capital & Preqin highlight emerging manager outperformance in a new report[more]

    Bailey McCann, Opalesque New York for New Managers: New data from Preqin and 50 South Capital, the investment arm of Northern Trust, shows that emerging managers are outperforming established managers by almost 4% a

  2. An academic wrecking ball aims at hedge funds[more]

    From Bloomberg: Quant investing, and indeed much of the hedge fund industry, is built on the power and freedom that come with the ability to sell short. When you short a security (borrow and then sell it, meaning you make money if the price falls and you then re-buy it), you can profit when markets

  3. PE/VC: Private equity buys $101bn of European businesses, 30 under 30 venture capital 2020: Meet the young investors backing tech's next big thing[more]

    Private equity buys $101bn of European businesses From Bloomberg: European equities' cheap valuations have turned the region into a honeypot for private-equity and arbitrage funds looking to reap double-digit returns. With the buyout firms enjoying a massive amount of dry powder, especial

  4. Hedge fund Moore Capital to return money to external investors[more]

    B. G., Opalesque Geneva: Louis Bacon's Moore Capital Management is to return capital from its three macro hedge funds to investors. The funds will continue running partners' money and Bacon, 63, will reduce his involvement in trading, according to a letter to investors seen by

  5. Crypto: Almost 70 crypto hedge funds have closed this year as institutional investors shy away, Central bank talk of launching cryptocurrencies is all bluff, Thailand and Hong Kong in crypto collaboration with cross border token project, Crypto loans see solid growth, platforms attract community interest, A Bitcoiner in the Senate? Is Bakkt CEO in US govt. good or bad for crypto?, Bank of France to test digital currency in 2020[more]

    Almost 70 crypto hedge funds have closed this year as institutional investors shy away From The Block Crypto: Nearly 70 crypto-focused hedge funds that largely cater to institutional investors, such as pension funds and family offices, have closed this year. The number of new fund