Newton's Morrissey: We need more female fund managers

The fund management industry must address the issue of lack of female representation among fund managers, according to Helena Morrissey, chief executive of Newton Investment Management.

Speaking at Investment Week's Fund Management Summit today, Morrissey said the industry as a whole needs to tackle the problem, and men must also join the debate to encourage more women to join the ranks of fund managers. She pointed to the results of a recent survey conducted by Bestinvest, which showed just 7% of all fund managers in the UK are women on average, and even less in some sectors: for example, just 4% of UK Equity Income managers are female. "I do think we have a problem," the CEO said. "We need to attract more women into the industry and make the case that it is a good ...