Citywire: Assets run by female fund managers have tripled over ten years

Citywire: Assets run by female fund managers have tripled over ten years

8 september 2025

Diversiteit ESG

The 10th annual Citywire Alpha Female Report shows female-led fund assets have soared, but change in the overall number of women in portfolio management remains painfully slow.

The Alpha Female Report draws on figures from Citywire’s Fund Manager Database, which tracks career histories and performance of 18,400 individual portfolio managers worldwide.

Overall gender diversity figures are heading in the right direction, but very slowly. This year’s report shows just 12.9% of fund managers worldwide are women, compared with 10.3% in Citywire’s first Alpha Female Report back in 2016.

However, female fund managers are being trusted with more assets than ever before. In 2016, assets run by female fund managers stood at £1.3tn. Since then, this figure has tripled to £4tn in 2025.

The findings reveal that the growth in assets managed or influenced by women was driven by the rise of mixed-gender fund manager teams. The percentage of funds run by these types of teams rose from 6.7% in 2016 to 14.9% this year.

In terms of assets under management, mixed-gender teams account for £3.4tn of the £4tn assets managed by women.

Sophie Downes, Citywire’s Alpha Female editorial lead, said: ‘While it can be easy to feel disheartened when representation remains so low, there is also cause for optimism in this year’s findings.

‘The tripling of assets under management over the past decade is a shift that should not be underestimated. Meanwhile, the rise in mixed-gender teams suggests firms are increasingly recognising the value of cognitive diversity in investment decision-making.’

Progress in gender parity still varies widely between jurisdictions. Globally, Taiwan has the highest number of female fund managers at 32%, then Singapore at 25% and Hong Kong just behind at 23%. In Europe, Spain remains the country with the highest proportion of women fund managers at 22%, although this is down one percentage point compared with the previous year.

The UK saw a one-percentage-point rise in female fund managers over the past year, moving up to 13%, but Germany continues to bring up the rear, with women making up only 7% of fund managers.

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