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

Virtu Celebrates Another Year Without a Single Day of Losses

Feb 26 2015 | 9:05am ET

High-frequency trading firm Virtu Financial Inc. reported another year without a...

Lifestyle

Hedge Fund Manager Out as Minnesota Wild Minority Owner

Feb 25 2015 | 2:45pm ET

New York hedge fund manager Philip Falcone is no longer a minority owner of the...

Guest Contributor

Risk: How To Get In Front Of The Problem

Feb 26 2015 | 9:53am ET

In considering the topic of risk in the hedge fund world, specifically, the oversight...

 

Editor's Note