Women remain a minority in fund management; industry apathetic
Women remain a minority in fund management; industry apathetic
With just seven percent of its portfolio managers being female, India ranks 19th among the 24 financial destinations analysed for presence of women in fund management.
Only 6.2 percent of the new funds launched in the past 12 months were assigned to a female manager.
The industry is going to remain apathetic until public pressure makes it financially necessary for them to invest in better PR and maybe hire a few more women. However, I feel like if more people were aware enough of the fund management industry to notice and care about a gender imbalance in hiring, they would probably put pressure on the industry for more fundamental reasons. My first thought was that women remain a minority of serial killers as well.
I don't see how that last sentence was relevant here. How is that a good comparison?
I'm generally opposed to the majority activity of the finance industry over at least the last century which is responsible for significantly more damage to society and individuals than all serial killers combined. Fund management, while not necessarily directly involved in those particular arrangements, directly represent and support the institutions responsible for those arrangements. Responsibility is of course very vague since the goal of those participating in the finance industry is to profit rather than to cause harm; it's just the nature of large investment which incentivizes a kind of ruthlessness in business which has caused a number of discrete tragedies as well as many ongoing issues which could possibly wipe out the majority of humans.
Edit: Got my wires crossed. I was thinking of Brokers rather than Fund Managers. I have much less of an issue with small scale finance and those kinds of funds for small and moderately sized businesses. Still room for bad behavior but I wouldn't now make a blanket denunciation as I made above.
This has "MORE 👏 WOMEN 👏 DRONE PILOTS 👏" energy
I don't think so but okay
Did fund managers suddenly manage to beat index funds for value?