The financial uplift of diversity in asset and wealth management12h30 - 13h00
Conference Room 3
This session quantifies the financial uplift that diversity delivers in the asset and wealth management industries. We undertook this work because while the social case for diversity is clear, the financial and investment implications are often less well-understood. We analysed thousands of portfolios built by Goldman Sachs Asset Management clients and found some important differences in how diverse teams build portfolios compared to single-gender teams. We share the investment implications for portfolio constructors and fund selectors. We also orient our findings within the broader landscape of studies on diversity.