A new study by Aima and EY says that Asian hedge funds are more diverse than their European counterparts, but that they still need to do more.
A pilot project to give young women the chance to apply for internships in India is to be taken as the basis for a wider global roll-out, backed by of some of the world’s largest asset owners.
With poor gender balance numbers at global institutions, the quality of decision-making could be compromised by the lack of different perspectives, said the survey's researchers.
Asia now accounts for half of all CFA certification candidates and has better female member representation. The CFA Institute also aims to open a Shanghai office, says its regional MD.
The president of Ariel Investments, Mellody Hobson, talks up the benefits of a diverse workforce with differing perspectives, saying incentivising fund chiefs can move the needle.