AMWatch

Visible role models and stronger networks would make fund management more attractive for women

As AMWatch reported yesterday, female fund managers are heavily underrepresented in Nordic asset management. Some of the women in the industry blame a lack of role models.

Generic photo for illustrative purposes only | Photo: Pexels.com

Despite "a broad search with emphasis on finding female candidates" for the vacant role of CEO at Norges Bank Investment Management (NBIM), and the prospect of managing the world's largest sovereign wealth fund, NBIM failed to bring in a single application from a woman.

The lack of female applicants for role as top exec did not come as a surprise to Anette Hjertø, who is Head of Absolute Return Investments at DNB Asset Management. Hjertø believes that having more visible female role models in the asset management industry would help to recruit more young women to portfolio management.

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More from AMWatch

Why do Nordic funds have so few female portfolio managers?

Only 16 percent of fund managers in Sweden are women. The figure is 11 percent in Finland, while just 6 percent of fund managers in Denmark and Norway are female. AMWatch has talked to four Nordic women in finance in search of answers regarding this imbalance and to hear about their career experiences. 

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