Well now isn’t this interesting: Just as we learn that the world’s wealthy are losing faith in their fund managers, we are also learning that the VAST MAJORITY of fund managers are…guess what, surprise surprise…white and male.  Perhaps it’s time to shake things up with a little (say it with me) di-ver-sity on Wall Street?  You think?  Come on boys, why not just give it a try.

According to a new report covered yesterday in the Times Online (UK), almost half of the world’s 8.6 million wealthiest investors have lost confidence in their fund manager.  The report itself lays bare how the credit crunch has damaged people’s personal fortunes.  According to the article, “Investors’ lack of faith prompted a quarter of those with financial assets of more $1 million to pull funds from a manager or dismiss their adviser last year…”

Ouch.  But wait!  Here’s the good news:

Yesterday, nearly 300 people gathered at the Bloomberg headquarters here in NYC for the release of a report by my ladies at the National Council for Research on Women, aptly titled “Women in Fund Management: A Road Map to Achieving Critical Mass—And Why it Matters.”

To learn more about the report’s important findings, and the splashy launch, check out Kyla Bender-Baird’s live-blogging from the event, NCRW President Linda Basch’s oped yesterday over at the Christian Science Monitor, and the report’s very own website, right here.

My heartfelt kudos to all involved in the creation of this timely piece of research, and especially to Purse Pundit, aka Jacki Zehner, for making it happen, being a role model and postergirl for the advancement of women on Wall Street, and keeping it real.  Jacki’s latest on this all is up at Huffington Post, “Shattering the Ceilings for Good.”