Asset Management Culture
Racial Wealth Gap Between Black, White Americans Remains Wide
Survey finds 71% of white Americans own stocks, compared with 55% of Black Americans.
Tag: African American
Asset Management Culture
Aiming to Boost Diversity, Canadian Institutions to Monitor Corporate Behavior
A group of funds holding roughly $2.3 trillion say they will make demands on companies whose stocks are in their portfolios.
Opinion
Op-Ed: We Are Still Living in the Jackie Robinson Age of Financial Services
Only a small, select group of Black professionals gets to advance to the C-suites of firms. White men get a lot more leeway. Nickol Hackett, CIO of the Joyce Foundation, lays out how this can be rectified.
Regulation
Research Calls Lack of Diversity Atop Financial Regulators a ‘Bipartisan Failure’
There has never been an African American chair of the SEC, CFTC, or FDIC.
Asset Allocation
Texas Episcopalians Will Pay $13 Million in Racial Reparations
Compensating descendants of slaves is controversial, but the idea has gained traction in recent years.