Less than half of money managers assess gender diversity when conducting research on potential investments, research by Redington shows.
The consultant found that 47% of money managers do not count gender diversity as a factor in decisions, despite 77% recognizing its importance and measuring it within their own firms.
A further 58% of respondents said gender diversity was an important contributor to their success.
However, two-thirds of those surveyed had less than 25% female representation on their investment teams and 60% did not report on their gender pay gap last year.
The consultant also surveyed respondents' understanding and engagement with cognitive diversity, ensuring they have employees in place who think in different ways. Two-thirds of respondents said they believe cognitive diversity to be important, but just less than one-fifth formally measure it.
"While our research clearly shows that many asset managers understand the importance of better gender diversity and are taking steps to measure and monitor it, we are seeing a very mixed picture of how this translates to team structures and decision-making," said Nick Samuels, head of manager research at Redington, in a statement accompanying the research. "Our survey uncovered some thoughtful approaches to diversity, but we also have to ask ourselves whether some in the asset management industry are just paying lip service to this important topic."
Redington surveyed more than 100 money managers from around the world, representing 192 investment teams and $10 trillion in assets under management.