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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......................

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