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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.
Two years ago this column was written with the uncertainty of what was to come. Just weeks into a global shutdown brought on by COVID-19, very few could have imagined the past two years playing out the way they have.
