Institutional investors in the Alternative Investments industry are demanding diversity disclosures in ever greater numbers according to KPMG’s sixth 'Women in Alternative Investments report: The Call to Act'
Institutional investors in the Alternative Investments industry are demanding diversity disclosures in ever greater numbers according to KPMG’s sixth Women in Alternative Investments report: The Call to Act, which found: .
“We are at a critical time, whilst there’s a long way to go this report shows some cause for optimism as even in the highly male-dominated Alternative Investments industry we’re starting to see progress on diversity. Not only are firms pushing for change, but investors are too, and that will start to really drive action.” said Tom Brown, Global Head of Asset Management, KPMG.
However, whilst the majority of women and men (84 and 76 percent respectively) agree that achieving gender diversity is a business imperative, women are less optimistic than their male colleagues in believing enough is being done. Twenty percent more men than women think enough is being done to tackle the lack of gender diversity in the sector. Further, 65% of men think their company’s leadership takes the issue seriously enough, whilst just half of women have the same belief.
Sarah Hayes, Real Estate Partner, KPMG UK, comments: “The gap between male and female perceptions reflected in these results is worrying. We are a very long way from achieving anything that looks like equality and so urgently need to bring men and women together to challenge the current environment and deliver a truly diverse workforce. The fact that over half of male respondents think enough is already being done is a concerning and questionable starting point. Diversity is no longer limited to measures such as gender or ethnicity - diversity of thought - is now essential and is potentially even more challenging to define, address and measure. However, as investors increasingly put the sector under the microscope, few will be able to hide from the facts for long.”
Tom Brown adds: “It seems that a lot of men in the Alternatives sector are looking through rose-tinted glasses and choosing to believe that enough is already being done to tackle gender disparity. Women are far less optimistic, as are the numbers. Making diversity part of a firm’s culture, and backing that with measurable targets, will be key to bridging the gap between male and female sentiment.”
For more information, contact:
Christina Bridge, KPMG Press office
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