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Opinion
Christopher Langner

Fund Managers Need to Talk About Women

Few companies disclose data on gender diversity. More should follow BlackRock's example.

For those in finance, when was the last time you met a woman who was managing a portfolio? There are a few, yes, but how many? A straight answer would be difficult because asset managers don't like to talk about it.

BlackRock, the largest publicly traded asset manager by market value, agreed to share data for the first time on how many women it employs at a senior level, the Financial Times reported Monday. The newspaper asked the 15 biggest standalone asset managers to unveil such information; six companies declined. For an industry that depends on disclosure to maintain public trust, that's a conspicuous lack of openness. Unfortunately, it's also the norm, as Bloomberg data show.