Lack of diversity in asset management laid bare
Did you know that 90% of US fund managers are white, yet firms with racial diversity are 35% more likely to have above-median returns? These are just two of many startling statistics.
In advance of AsianInvestor's first Diversity in Asset Management forum* in Hong Kong this month, US fund house Ariel Investments has researched some damning data on the industry (see below).
Mellody Hobson, president of Ariel Investments, will have a fireside chat on diversity with AsianInvestor editor Leigh Powell at the Mandarin Oriental Hotel on March 18 (see accompanying article in today's newsletter).
Hobson has become a recognised voice in America on financial literacy an…
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