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Recently obtained university responses detailing the diversity of their endowments to an inquiry from two congressmen in the third quarter show they have built a strong baseline of investing in women- and minority-owned investment managers.
Diverse-owned investment firms managed a range of 5.1% to 35% for the 24 endowments responding to inquiries from Reps. Emanuel Cleaver (D-Mo.) and Joe Kennedy III (D-Mass.), according to a report released last month.
Yale University CIO David Swensen has sent a letter to the investment managers in its approximately $31.2 billion endowment asking them to cooperate in “taking a more systematic approach to the problem of the lack of women and minorities in the asset management industry.”
Healthcare organizations must focus on creating a defined and goal-oriented approach to addressing diversity within their investment portfolios, according to a recent NEPC webinar.
Willis Towers Watson has devised new methods for assessing and encouraging diversity within asset managers and investment consultants, the firm announced.
Having partners that truly align with your investment objectives, philosophies and policies around diversity can be attributed to a great portfolio, according to recent insights from Illinois State Board of Investment CIO and Executive Director Johara Farhadieh.
