New Report – From Ambition to Action: Diverse Hedge Fund and Finance Professionals Weigh in on DEI Efforts and Where We Go from Here
Note: This report was prepared in January 2024 and reflects the data, insights, and practices available at that time. This report is not meant to provide legal advice. Please consult counsel to ensure compliance with applicable laws and alignment with current best practices.
1/3
Of respondents report that their firms do not have a diversity and inclusion committee
84%
Of respondents are the first in their family to work in financial services and/or the alternative investment industry
46%
Of respondents who perceive ethnicity as a hindrance felt they had faced overt or covert racism/bigotry
Our report on our diverse members and allies’ experiences offers a nuanced understanding of the perspectives of underrepresented individuals within the hedge fund and financial services industries in today’s polarized environment. A growing body of research shows that inclusive team cultures don't just benefit individuals; they enhance team dynamics, foster innovation, and drive superior business results. Despite the hedge fund and financial services industries having voiced a strong commitment to an inclusive culture, our findings indicate that the results of most such efforts have not been effective in making real progress in building diverse teams or inclusive cultures. While companies express good intentions and allocate resources to make an impact, this alone is ineffective without a concurrent shift in organizational culture. Explore our report to learn more about our findings and the actionable recommendations we propose for industry players.