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Asian American and Pacific Islanders in the investment management industry face discrimination and biases that prevent career advancement, according to a new report from the Association of Asian American Investment Managers and Backstop Solutions Group.
At the risk of sounding like a broken record, this month’s issue highlights the importance of transparency.
The numbers show that investment consultant NEPC is exceeding its targets for diverse manager meetings.
Adjustments to how diverse ownership was defined altered the John S. and James L. Knight Foundation’s Diversity of Asset Managers Research Series: Philanthropy study when compared to the previous 2020 study, however, the ultimate end result was a roughly 1% increase in investments with diverse firms.
Large foundations continue to be leaders in investing with diverse- and women-owned firms, however, the overall numbers have only ticked slightly higher, according to an updated study from the John S. and James L. Knight Foundation.
