Women high fliers remain under-represented

Women
managers continue to be under-represented in the UKs financial houses, research
by financial website Citywire.co.uk reveals.

The
survey shows that women account for just one in seven UK mutual-fund managers.

They
are also far less likely to be running retail unit trusts. Only 48 female money
managers have three year’s experience compared to 404 men, according to the
survey.

In
the US, women managers oversee 31 per cent of smaller companies’ funds and 20
per cent of Far East funds.

Commenting
on the findings, Lawrence Lever, Citywire’s chairman said: “The success of
women such as Katherine Garrett-Cox, who became chief investment officer at
Aberdeen Asset Management in January 2001, and Nicola Horlick, who helped set
up SG Asset Management, has disguised the fact that women are
under-represented.

“The
more conventional UK sectors are still something of a male bastion.”

The
Citywire survey is based on internal data that tracks the performance of
unit-trust fund managers.

By Phil Boucher

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