Men dominate investment management despite women being equally good: Survey

Portfolio management remains largely a band of brothers, new research by Goldman Sachs finds.

An analysis of 528 large-cap mutual funds showed 409, or 77 per cent, had all-male portfolio management teams, strategists led by David Kostin wrote in a note on Nov. 25. Those funds accounted for 64 per cent of domestic equity mutual fund assets.

Only 15 funds, or 3 per cent, had all-female teams, managing 1 per cent of total assets. Just 73 funds, or 14 per cent, with $196 billion in assets under management, have women in at least one-third of portfolio manager positions.

Despite their small numbers, women