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Alternative Market Briefing

Hedge funds are not trying to find women managers

Wednesday, September 14, 2016

Komfie Manalo, Opalesque Asia:

Recruiters say that hedge funds are not really focused on hiring women, reported Business Insider.

Michael Goodman of recruiting firm Long Ridge Partners, commented, "Most funds want to go out and hire the best talent. They don't care if it's a man or a woman. Typically, they're going to find the male universe is larger." He estimates that about one in five of the investment experts - traders, analysts, and portfolio managers - he could suggest to hedge funds is a woman.

Another recruiter, David McCormack, CEO of DMC Partners, told Business Insider "Hedge funds just want the best performers in the industry. It isn't driven by diversity hiring. I'm not saying hedge funds don't care," he added. "It's just their biggest priority is performance, not the makeup of them internally." Women with the skill set for long/short equity make up about 5% of candidates, he estimates.

While women can be seen in compliance, marketing, and operations, they are hardly present in investing roles. Data from ai-cio, a trading publication, claimed that only 3% of senior investment roles in hedge funds were held by women across the industry in 2012. And in banking, the executive committees of the si......................

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