Institutional limited partners conscious of diversity will work with firms lacking a track record, according to panelists at the Investment Diversity Advisory Council’s National Summit on DEI held on Sept. 14 in Atlanta.
A majority of institutional investors find that diversity, equity and inclusion is an important aspect of their investment programs, particularly nonprofit organizations, according to a recent survey.
New York City Comptroller Brad Lander released the inaugural report on his office’s work with minority- and women-owned investment firms and emerging managers on Nov. 1.
The Securities and Exchange Commission has confirmed that incorporating diversity, equity and inclusion factors when recommending or selecting investment managers for clients is consistent with an investment advisors’ fiduciary duty.
U.S. Representative Emanuel Cleaver (D-Mo.) has introduced a bill to help ensure colleges and universities are providing opportunities to women and minority asset managers.
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PGIM Fixed Income has appointed Diane Parker as its first head of diversity, equity and inclusion, the firm announced.
Investment consulting firm Verus recently disclosed the results of its survey to managers participating in its 2022 emerging and diverse manager due diligence days, with most findings remaining consistent with results from prior years.
The $21.3 billion New York State Insurance Fund’s motion to enter into contracts with four emerging managers-of-managers at its July 20 board meeting failed.
