© Reuters. Individuals stroll over London Bridge throughout morning rush hour, with Metropolis of London monetary district within the background, in London, Britain, February 10, 2023. REUTERS/Henry Nicholls
(Refiles to replace format of the primary chart)
By Nell Mackenzie
LONDON (Reuters) -The share of girls holding senior positions at European hedge funds has greater than halved since 2021, in accordance with a report on Wednesday by information supplier Preqin.
Commenting on the report, Megan Tobias Neely, a former hedge fund analyst, educational and creator of “Hedged Out: Inequality and Insecurity on Wall Road”, stated the COVID pandemic and upheaval in markets had seen the trade fall again on previous habits.
“Any notion of instability and folks rely extra on shut ties of their community. Throughout unsure occasions, folks do enterprise extra with individuals who appear like them,” she informed Reuters in an interview.
“Males will do enterprise with males, networks grow to be segregated racially and by way of nationality.”
The share of girls holding basic and restricted companion roles in hedge funds in Europe has fallen to only 8% in 2023 from 17.4% in 2021, in accordance with Preqin information.
The proportion of girls within the hedge fund trade elsewhere on the planet has dropped too, to 16.30% from 18.8% in North America, and to 18.9% from 21.2% in Asia over the identical interval.
Of the ten nations with the very best proportion of girls holding senior positions at hedge funds, Hong Kong comes prime with 17.3%, whereas Brazil has the bottom proportion, with 7%.
The US ranks fifth, with 12.9%, behind Hong Kong, Bermuda, France and Canada. Roughly 12% of UK hedge fund staff are ladies, in accordance with the information.
“When ladies within the trade interact in the identical social behaviour as males and act aggressively, and that is one thing that’s prided on, they get push-back,” Tobias Neely stated, including one of many challenges for ladies and folks of color working within the hedge fund trade was that they’re perceived as riskier than their white male counterparts.
This 12 months, ladies nonetheless make up solely 21.3% of the general variety of staff working in any respect ranges within the various investments trade, which incorporates non-public fairness, enterprise capital, non-public debt, actual property, infrastructure and pure sources, the report confirmed.