All-women and mixed-gender US fund teams outperformed all-male portfolio management teams so far this year, according to an analysis conducted by Goldman Sachs, a leading global investment banking, securities and investment management firm. This analysis raises fresh questions about the investment industry’s progress in addressing its gender diversity problems.
So far this year, female managed funds on average delivered returns of -57 basis points compared with their benchmarks. All male-run funds performed worse, with average returns of -164bp.
Women-led funds remain a rarity across the investment industry in spite of a growing body of evidence that more diverse teams produce better results.
Original article by Chris Flood (Financial Times)