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Activist Investors Fall Short on Gender Parity

(Bloomberg) Activist hedge fund managers are too passive when it comes to gender equality. Of the 143 board members who were nominated by activist hedge funds in 2018, just 19, or 13 percent, were women, according to a new study from Activist Insight. That compares with about a third of all board members who were nominated last year. The 13 percent does appear to be a bit of an improvement. In early 2016, Bloomberg reported that just 5 percent of all activist nominees had been women during the previous five years. Still, in a year when there was a heightened awareness about the long-standing inequality of women in the workplace, activist investors could have been expected to make a bigger push for board equality.

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