The Shops That Hired the Most (and Fewest) Female PMs in 2018

Women got control of more industry assets during 2018, but still accounted for just 13% of all PMs added to mutual fund and ETF portfolios last year.

That is up 2 percentage points from 2017, according to data from Flowspring, a Colorado-based firm that tracks filings for mutual funds and ETFs.

But the hiring has been relatively concentrated. Some 62% of the 156 female portfolio managers added to fund prospectuses during the first 11 months of 2018 work at just 11 fund complexes, data shows.

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And slowly but surely, the face of the industry appears to be changing, says Deb Brown, a consultant at Russell Reynolds Associates, an executive search firm.

“One of the biggest issues is that the investment management field, along with other fields, has historically been male-dominated,” she says. “I think we, as a society, have tried to be generally more inclusive.”

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