Diversity in the ownership of investment managers is vital for diverse representation throughout organizations as asset management firms owned by women and people of color are at least three times more likely to employ diverse teams when compared to firms led primarily by white men, according to a new study from the John S. and James L. Knight Foundation in partnership with Global Economics Group.
Investment consultant Callan has launched a new diversity, equity and belonging initiative.
More than two-thirds of endowments and foundations, 69%, are making diversity, equity and inclusion a priority — meaning part of their mission statement or actively discussed in board meetings, according to a recent survey.
The $911 million Alameda-Contra Costa (Calif.) Transit Employees’ Retirement Plan is conducting a diversity survey among its investment managers, according to March 17 board meeting materials.
Many institutional investors think diversity should be weighed when selecting an investment manager, however, a significant percentage have not yet hired a diverse-owned firm, according to a recent poll from investment consultant FEG Investment Advisors.
NOEMIS Ventures has closed its first fund with $25 million in total commitments.
Black-owned early-stage venture capital firm Wilshire Lane Capital announced the first close of its debut fund with $40 million in commitments.
GCM Grosvenor raised $1.5 billion for diverse manager investment mandates in 2021, the firm announced.
Toni Hackett Antrum’s community and economic development experience over her 30-year career in the public fund investment space led her to launch a private equity racial justice impact fund in the fourth quarter.
Newly launched ESG and sustainability-focused venture capital firm Bay Bridge Ventures is hoping to bridge the gap between social benefit and technology.
This month we have our annual LGBTQ+ feature in recognition of Pride Month.