logo
AP Photo/Richard Drew
December 11, 2017

Markets on track for December jump

Money managers are expecting a Santa Claus rally this month, on top of an already good year. But there are hints the Grinch may be hanging around.

Banks and large companies improve diversity

While banks and other credit institutions have the highest rate of minorities employed in management positions, fund managers, insurance companies and securities firms have grown their minority representation at higher rates since 2007. At the end of 2015, about 23% of bank management positions were held by minorities, a slight uptick from prior years. Insurance companies showed the most consistency in the growth of minorities in management, adding an average 0.5 percentage points each year since 2007 with no periods of negative growth. Fund companies also diversified their management teams over the period, with slightly more volatility.

Read More
More News
  • logo
    AP Photo/Richard Drew
    December 11, 2017

    Markets on track for December jump

    Money managers are expecting a Santa Claus rally this month, on top of an already good year. But there are hints the Grinch may be hanging around.

    Banks and large companies improve diversity

    While banks and other credit institutions have the highest rate of minorities employed in management positions, fund managers, insurance companies and securities firms have grown their minority representation at higher rates since 2007. At the end of 2015, about 23% of bank management positions were held by minorities, a slight uptick from prior years. Insurance companies showed the most consistency in the growth of minorities in management, adding an average 0.5 percentage points each year since 2007 with no periods of negative growth. Fund companies also diversified their management teams over the period, with slightly more volatility.

    Read More
    More News

    Latest Multimedia

    Latest Poll

    Arrow click here for more polls

    Chart snapshot