Fixed-income mutual funds run by women have outperformed funds run by men since 2003, yet only 14 U.S. debt funds were managed exclusively by women as of September 2017, compared with 47 in 2004, according to Morningstar. That's partly because it can take years to win a management role, and strong, confident women who entered the business several decades ago weren't always welcomed, say some female fund managers. That dynamic combines with a shortfall of prospects entering the field, given what some see as insufficient college-recruitment initiatives and public role models. So while achieving the highest ranks in this intensely competitive industry is difficult for either gender, it seems women are having a harder time. Read the original story from Bloomberg.