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West Coast Seen More Welcoming to Women Fund Managers

Bloomberg, citing Morningstar research, reports that the U.S. asset managers with the highest percentage of female portfolio managers are located in California. The top ranked firms were San Francisco-based Dodge & Cox (30%) and Charles Schwab Corp. (28%) tied with Franklin Resources Inc., based in San Mateo, California. People quoted in the article credit the West Coast’s more open, entrepreneurial spirit and its distance from Wall Street’s old boy networks and traditions.