The fund manager isn't mentioned by name and indeed is just a generic example of fund manager. Traditionally, English uses the masculine for such an indeterminate person. Some authors feel that this shows a bias against women.
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Anonymous"Let's analyze the historical returns earned by a fund manager. If her 5-year average return is 10% and she earns 15% this year (...)."The person who managed the fund with those historical returns is a woman. But the second sentence is very strange. If the author is analyzing historical returns, they should be in the past, that is, history. An