Nearly half of ESG specialists hired by hedge funds globally — 49.6% — were women over the two years ended Dec. 31, a study from consulting and recruitment firm Kronor Group showed.
By comparison, women accounted for only 28.6% of total hedge fund hires globally, showed the analysis of more than 10,000 hedge fund hires during the two year period.
Kronor Group's "2022 Hedge Fund ESG Hiring Report" showed that by geographic region, the rate of hiring of women continued for all environmental, social and governance roles continued to outpace that of male employees, with the exception of the Europe/U.K. region
In the U.S. and Canada, women accounted for 50.3% of ESG hedge fund hires, but trailed men in terms of total hedge fund hires at 29%.
In Asia (ex-Australia), 66.7% of ESG jobs went to women, while 69.3% of total hedge fund hires were men.
In Europe/U.K., 44.8% of ESG jobs went to women and 73.8% of total hedge fund hires were filled by men.
The analysis of global ESG hedge fund hiring trends was done by HFObserver, a platform that aggregates data about personnel moves with a focus on ESG, and diversity, equity and inclusion in alternative investments. HFObserver is a unit of Kronor Group.