IMPACT Newsletter – October 2020

It has been a busy month at Leverton with the team working on lots of open roles across the industry; it is reassuring to see a lively job market again.

We are thrilled to announce that we are finalists in this year’s Women in Investment Awards for our contribution to Gender Diversity and to be recognised alongside some of the top names in the industry, we look forward to finding out who the winner is in December!

Next week, on Wednesday 4th November I will speaking on the panel at InterInvest’s event “Diversity in Investment Management – are we shifting the dial?” It is an online event and open to all so please do register here.

Below are some of the top articles from October…

 

Asset management workers call on industry to promote more black women and tackle ‘systemic racism’

A coalition of asset management workers has urged the industry to promote more black women and to tackle “systemic racism” through its investment portfolios.

Black Women in Asset Management – launched in London in 2019 – has published an open letter calling on bosses across the sector to “go beyond solidarity statements and instead commit to action” when it comes to diversity within its ranks.

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Turning the tables: why asset managers fail to keep talented women

Too many experienced women are leaving fund management companies. This year’s Alpha Female report identified that turnover rate for female fund managers was 42% in 2020, compared to 27% for men. This rate was actually worse than in 2019.

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Less than half of asset managers assess gender diversity as part of their investment analysis

Research carried out by Redington has found that less than half (47 per cent) of asset managers assess gender diversity when researching potential investments – despite recognising its importance within their own firms.

While gender diversity isn’t a factor in a majority of managers’ investment decisions, it is something that 77 per cent of them measure internally.

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