Female-managed US funds outperform all-male rivals

From the Financial Times. All-women and mixed-gender US fund teams outperformed all-male portfolio management teams so far this year, according to a Goldman Sachs analysis that raises fresh questions about the investment industry’s progress in addressing its gender diversity problems.

To mark the centenary of US women winning the right to vote, Goldman analysed 496 large-cap US equity funds with combined assets of $2.3tn to compare the performance of funds where at least one-third of the portfolio management roles were female with portfolio management teams run entirely by men.