News
Up-to-date investment manager search leads, industry trends and investor profiles.
Black Women In Asset Management is expanding into the U.S., the nonprofit industry association announced.
Shundrawn Thomas will leave his role as president of Northern Trust Asset Management to co-found a new diverse-owned and led business.
DUMAC, the investment management arm of Duke University, increased the diversity of its $12.6 billion endowment by almost 4% between 2020 and 2021.
Investment consultant NEPC continues to see improvement in the diversity, equity and inclusion space for its clients as approximately 59% used diverse managers in their portfolios in 2021.
Cambridge Associates increased the number of diverse manager relationships in client portfolios as well as the percentage of assets invested with diverse managers in 2021.
Expanding and developing the pool of diverse talent in the asset management space is a task requiring an intentional and sustained effort. From large firms to trade organizations to plan sponsors and entities in between, initiatives and efforts are being made to advance progress in this area, and investment managers, consultants and allocators cannot afford to drag their feet when it comes to developing a meaningful embrace of diversity, equity and inclusion and solutions toward bridging the gap.
Many nonprofit investors striving to allocate more assets to diverse-owned managers want to immediately start working toward concrete outcomes, however, the investors should first focus on definitions and policy.
A new bill has been introduced that would aim to increase diversity in the asset management sector.
