Survey: Most Women In Hedge Funds Feel Disadvantaged

Jul 3 2012 | 10:44am ET

The glass ceiling is very much unbroken in the hedge fund industry, according to a new survey.

More than eight in 10 women in the hedge fund and private equity industries feel their gender has affected their likelihood of having a successful career, Financial News reports. The overall number from FN's Women in Finance Survey is 66%.

The hedge fund industry is "still a bit of an old boys' club," former Pomegranate Capital executive Susan Solovay told FN. "Unfortunately, a lot of people associate richness with maleness. The large institutional investors are predominantly run by men and they naturally feel more comfortable investing with other men."

In addition, women are often relegated to what are seen as less-important roles: Just 12% of the 10,000 members of 100 Women in Hedge Funds are traders or portfolio managers, compared to 26% in marketing.

"Among some of the experienced women, the feeling is that women coming into the industry now should be led towards more roles than marketing, operations and HR," Rachel Stewart of search firm Odgers Berndtson told FN. "It’s more difficult to get a seat as a partner or director if you don’t have a background of P&L responsibility, as this is the bread and butter of the hedge fund industry."


In Depth

The Benefits Of Private Debt Investing

May 7 2015 | 10:43am ET

Jeffrey Haas is chief operating officer of Old Hill Partners Inc., an SEC-registered...

Lifestyle

Yale Receives $150 Million Gift from Blackstone’s Schwarzman

May 12 2015 | 12:10am ET

Yale University announced it has received a $150 million gift from Blackstone Group...

Guest Contributor

How To Generate 6% Yield In A Volatile World

May 22 2015 | 6:41am ET

Private credit comes in many different flavors, all with the common themes of over...

 

Editor's Note