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Bailey McCann, Opalesque New York:

Women-led investment funds continue to outperform funds led by men but are making little progress when it comes to fundraising, according to a new report from KPMG. The report, entitled:Breaking Away, The Path Forward for Women in Alternatives, found that a majority of investors (72%) feel that the lack of supply of talent is the greatest barrier to allocating capital to women-owned or managed funds.

This is the fourth year of the report which was started in 2011 by accounting firm Rothstein Kass, and then absorbed by KPMG when the firm acquired Rothstein Kass last year.

"This year’s report demonstrates that many industry professionals believe women led funds lack investor access and visibility despite better performance than the industry," said Kelly Easterling, KPMG Audit partner and co-author of this year’s report said in an interview with Opalesque.

In order to quantify some of that performance, the report also includes a new index created by HFR. The HFRI Women Index tracks women-owned and managed funds and/or firms and how they perform against the overall hedge fund industry. The HFRI Women Index revealed objectively that women-owned and managed hedge funds have outperformed the hedge fund sector nearly every year since 2007.

"Adding the data from HFR really made the difference for a lot of investors that get this report," Easterling says. "Many of them wanted to be able to verify that the performance was ......................

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