This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers visit http://www.djreprints.com. The hedge fund world is undergoing a period of profound change due to performance headwinds, pressure to lower fees, and increased competition from other alternative-asset classes. Savvy managers are going to great lengths to adapt. But most of the industry is overlooking one the biggest barriers to future success: our massive gender gap.