Think tank New Financial has highlighted 10 ways in which asset management firms can tackle the "widespread" lack of diversity in portfolio management and accelerate change.
The report, entitled Diversity In Portfolio Management, highlighted a number of ways in which diversity could benefit investment firms including enhanced investment performance, optimised decision-making, wider investment ideas as well as less herd mentality. New Financial, in collaboration with the Diversity Project, interviewed 100 market participants from over 40 asset managers including portfolio managers, CIOs, asset owners and heads of HR. It referenced the CFA Institute's Gender Diversity in Investment Management 2016 survey, which found just 15% of portfolio managers were fema...
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