Women- and minority-owned managers make up small part of industry, study shows

The study conducted by Bella Research Group and released by the John S. and James L. Knight Foundation, which examines diverse ownership in the asset management industry, showed that across four asset classes examined — hedge funds, mutual funds, private equity funds and real estate funds — firms owned by minorities and women represent just 1.1% of $67.1 trillion in assets under management as of June 30.