Dewald, Fred; Fan, Steve Z. - 2021
Using hand-collected fund manager race data, we study the current status of minority managers in the mutual fund … Latino) and White managers. Our results show that minorities are underrepresented in the fund management industry, especially … Black and Hispanic managers. On average, 86.8% of single-manager funds are managed by White managers, while 8.3%, 2.7%, and …
