Expanding and developing the pool of diverse talent in the asset management space is a task requiring an intentional and sustained effort. From large firms to trade organizations to plan sponsors and entities in between, initiatives and efforts are being made to advance progress in this area, and investment managers, consultants and allocators cannot afford to drag their feet when it comes to developing a meaningful embrace of diversity, equity and inclusion and solutions toward bridging the gap.
The investment management industry is often referred to as a relationship business, and one organization is looking to build and extend those networks for students, particularly those at historically Black colleges and universities looking to enter the field.
Historically Black colleges and universities, typically limited by the size of their assets, are looking to gain further access to alternative assets as they seek to grow their endowments to further their mission as well as capture outsized returns that have swelled higher education institutions’ portfolios.
Plan Sponsors Establishing Purpose Behind Programs; Measurement Must Move Beyond Activity
Calls for diversity measurement in the asset management space are increasing, with investors, politicians and regulators leading the push for further transparency – with varying results.
The push and pull between direct emerging manager programs versus the utilization of emerging managers-of-managers has been consistent through the years, with an overall lack of movement on both ends.
The investment management industry is reevaluating how it defines and monitors diversity as conversations on the subject continue to gain momentum.
The focus on diversity within the institutional asset management industry has left non-diverse managers within the emerging manager space in a precarious position.
The hedge fund space is either seemingly ready for its return to prominence within institutional portfolios or continues to be nudged aside as investors focus on illiquid assets – it just depends on what day you ask.
Early-stage venture capital firm 550 Capital Partners has launched to invest in startup companies led by military veterans.
Our annual feature looking at military veterans in the asset management space.