Pensions
How Allocators Can Boost Their Woeful Diversity
Milken Institute study spells out methods to enhance DEI in the finance industry.
Tag: Diversity
Research
Wilshire’s 2022 Diversity, Equity & Inclusion Report Finds Improvement in Asset Management
The share of clients investing with diverse-owned firms grew from 20% to 39% over the past three years, though AUM of by diverse-owned firms remained lower than non-diverse peers.
Manager Selection
NYC Comptroller Hires Diversity, Equity, Inclusion Director
Taffi Ayodele will lead office’s strategy to expand engagement and allocations to minority and women-owned firms.
Regulation
Proposed Legislation Aims to Improve Diversity in College Endowment Asset Management
The bill would require colleges and universities to disclose the share of their endowments invested by minority- and women-owned asset management firms.
Pensions
U.K. Regulator Says Pension Trustees Are Not Prioritizing Diversity, Inclusion
TPR has published an ED&I action plan in response to ‘worrying’ research showing that trustees are doing too little.
Newsmakers
Robert Wood Johnson Foundation Seeks New CIO
The $12.7 billion foundation is looking to replace Brian O’Neil, who is retiring at the end of the year.
Risk
CFA Signs Up 40 Firms to Follow Its Diversity, Equity and Inclusion Code
Verus Advisory is the latest to join the group of signatories, which so far represent $17 trillion in assets.
Newsmakers
Diversity and ESG Improve at PE and Credit Firms, Survey Says
But they still have a long way to go, with women making up just a quarter of investment teams, PineBridge poll finds.
Manager Selection
Shundrawn Thomas to Leave Northern Trust Asset Management
The asset manager’s president since 2017, he will co-found an investing firm to help female and minority business operators.
Newsmakers
Massachusetts PRIM Proposes $1 Billion Investment to Boost Diversity in Managers
The pension fund’s board will vote Dec. 2 on whether to approve the recommendation from its investment committee.
Asset Allocation
Some of the UK’s Largest Asset Managers Back Diversity Initiative
Asset Owner Diversity Charter signatories represent $1.3 trillion in assets under management.
SEC Mulls New Sustainable Fund Disclosure Rules
The regulator’s chief says he’s concerned about the greenwashing of ESG investments.
Research
Which Companies Have the Most Open Records for ESG Reporting?
A Booth School study has some surprises in its survey of S&P 500 sustainability disclosures.
Diversity Demands from NYC Pension Overseer OK’d at DuPont, Union Pacific
Similar proposals will land at other companies, including American Express and Procter & Gamble.
Asset Management Culture
Diversity, Inclusion, ESG Are Key Focuses for Headhunters Seeking CIOs
The pandemic and social upheaval have impacted trends in hiring at endowments, family offices, and foundations, recruiters tell our symposium.