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Alternative Market Briefing

Hedge fund and private equity sectors are is still dominated by men: Preqin

Friday, March 01, 2019

Laxman Pai, Opalesque Asia:

Women are still underrepresented in the workforce when it comes to hedge fund and private equity sectors, new data released by Preqin showed.

Less than one in five hedge fund professionals are women, according to a report released by Preqin. And the number drops to just 11 percent when it comes to the senior ranks, Preqin said.

Asia is at the forefront of female representation, having the highest proportion of female employees at every level of seniority, but even here women fill just 21% of roles overall.

Within hedge fund firms, women are far more likely to be in investor relations teams (where they account for 48% of employees) than in portfolio management teams, where they represent just one in ten employees.

In all role functions, female representation decreases among senior roles compared to junior ones, the report said.

"Although an increase of less than one percentage point cannot be described as radical change, it does represent in improvement in the number of women being employed in the industry over the past 18 months. Nonetheless, women still account for just one in five hedge fund employees, and other alternative asset classes are no better," said Amy Bensted, Head of Data Products.

Amy added: "What is particularly noticeable is that even in roles where women are best represented - client-facing investor relations roles - the proportion of roles that are held by women falls sharply at more senior l......................

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