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The Investments & Wealth Institute has launched the Investments & Wealth Foundation to grow and support a more diverse workforce, the organization announced.
Robert Manilla has served as v.p. and cio at the Kresge Foundation for the past 17 years, developing and implementing its investment strategy and managing its endowment, which has grown to $4.5 billion, while helping create its investment office.
The University of California is conducting further review of 18 firms after meeting with 100 diverse investment managers across public and private asset classes in the first half of 2022, according to a webcast of its May 17 investment committee meeting.
Investment consultant Meketa Investment Group met with 67 emerging and diverse investment managers across public and private markets at its latest dedicated research day held on April 13.
A bill introduced last year that would require the District of Columbia Retirement Board to hire diverse investment consultants and asset managers has not progressed in city council.
Lower-level positions at asset management firms are the most diverse by both racial and gender measures, while equity ownership and senior management positions were the least diverse, results from Meketa Investment Group’s diversity, equity and inclusion questionnaire show.
June is an exciting month for many, but amongst the rainbow-themed initiatives and parades, it is important to remember that the LGBTQ+ community, and the outside world’s perception of it, has a long way to go.
The road to inclusion within the institutional investment industry is full of obstacles to overcome – a lack of inclusivity, a lack of data, a lack of advocacy – yet some continue to push forward in the pursuit of recognition and growth not only for themselves, but for those that may follow their journey into the industry and look to launch their own investment firm or fund.
The plan expects to receive a recommendation in October.
