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The $13.1 billion Public School Teachers’ Pension & Retirement Fund of Chicago invested $6.2 billion with minority, women and disadvantaged-owned business enterprise firms in fiscal year 2021, the plan announced.
Applied Research Investments Partner and CIO Mark Lin departed the firm last month, leading several emerging manager programs to evaluate their mandates with the firm.
Prime Buchholz’s DEI data and scoring system has helped it recommend more diverse managers to its institutional clients, however, furtherance remains as 31% of recommended firms were in the lowest scoring DEI cohorts.
News coming out this week about former Miami Dolphins head coach Brian Flores filing a suit alleging discrimination has interesting parallels to our corner of the investment world.
