Research
Diverse fund manager performance (either within separate funds or in mixed gender teams) is equal to or greater than the total investment fund universe.
Miami—Jan. 28, 2019—Firms owned by women and minorities manage just 1.3 percent of assets in the $69 trillion asset management industry, though their performance is not statistically different from the industry as a whole
Affirmative Investing: Women and Minority Owned Hedge Funds
(2011) In recent years, there have been an increasing number of pensions and other institutional investors who have expressed interest or started investing in women and minority owned investment companies.
Women in Alternative Investments: A Marathon, Not a Sprint
(2014) Includes a survey of 440 senior women in the alternative investment industry, including fund managers, investors and service providers, as well as proprietary performance analysis of women-owned or managed private equity and hedge funds.
Gender, style diversity, and their effect on fund performance
Research in International Business and Finance
Volume 35, September 2015, Pages 57-74
lVassilios Babalosa Guglielmo Maria Caporale Nikolaos Philippasc
This paper examines the performance of 358 European diversified equity mutual funds controlling for gender diversity.
Examining the Financial Returns of Diverse Private Equity (2017)
Given that diverse private equity firms may have fewer assets under management and/or smaller fund sizes, however, it could be necessary to make some adjustments in order to effectively deploy capital. It is almost certain that any effort to expand into diverse investments will take intention and effort.
Investing with Diverse Asset Managers
It is well known that charitable Foundations fund a broad array of programs that address problems associated with structural inequality for women and minorities. Aside from these philanthropic endeavors, most people do not realize these grant-making organizations are also investment powerhouses with significant influence in the finance industry.
Alpha Female 2018: Mixed-gender teams produce better returns
By Citywire 13 Aug, 2018
Is it better to have your money run by a man or a woman? The answer, it seems, is both, together. That’s according to exclusive Citywire research into the gender dynamics of the asset management industry. Not only do mixed teams produce more bang for your buck, but mixed teams also do it while taking on less risk over the course of three years than male-only fund manager teams.
The Evolution of the Independent Sponsor Citrin Cooperman 2018 Independent Sponsor Report
October 23, 2018
Based upon responses from over 200 independent sponsors, they identified “typical” terms and calculations while also finding considerable variation in economic structures. By sharing these data points, both the typical and atypical, it is our hope that independent sponsors and their capital providers will have a greater understanding as to what the market will bear.
Because little is known about diverse ownership, the study aims to shed much needed light on the neglected topics of diverse ownership and whether any performance differences exist. Women- and minority owned firms were identified among the universe of asset management firms, though the definition for diverse ownership varies slightly across the data sources
Diversity wins: How inclusion matters
(May 19, 2020) While overall progress on gender and cultural representation has been slow, this is not consistent across all organizations. Our research clearly shows that there is a widening gap between I&D leaders and companies that have yet to embrace diversity. A third of the companies we analyzed have achieved real gains in top-team diversity over the five-year period. But most have made little or no progress, and some have even gone backward.